B1603
Title: Modelling unmeasured heterogeneity on different health systems using a Bayesian metafrontier framework
Authors: Michael Talias - Open University of Cyprus (Cyprus) [presenting]
Kostas Kounetas - University of Patras (Greece)
Abstract: The pursuit of efficiency has become a central objective of policy makers within health systems. Adopting a metafrontier framework on different health systems we account for unmeasured heterogeneity and technology gaps. Moreover, we consider the case of a directional distance function model for handling asymmetrically both desirable and undesirable outputs in the health care process. The above-mentioned technique has been implemented using a Bayesian procedure for heterogeneous set of world countries for the 1995-2013 period.
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