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The Financial Effect of Medical Services Consumption: Evidence from the OECD Nations

Saratnam

Medical services uses are supposed to challenge the financial manageability considerably more before long. The reason for this study is to inspect the relationship and overflow impacts between the medical services use and wellbeing result estimated by the possible long periods of life lost as well as the minimal effect of the previous on open records. Utilizing information from 29 OECD nations over the period 1990-2017, we apply spatial econometrics as well as a monetary scientific structure to work out the financial effect of medical services use. We find a positive connection between medical services uses and wellbeing result which is made an interpretation of financially into $0.035 per capita net income for each per capita dollar spent on medical care.