《Research on the Relationship Among Income, Education, and Rising Medical Expenditure in Shanghai》.pdf

JoumalofUS-ChinaPublicAdministration，ISSN 1548-6591 April2014，Vo1．11，No．4，375-384 N 瞄 ResearchontheRelationshipAmongIncome，Education，and RisingM edicalExpenditureinShanghai ShenShiyong，XuJing，ZhangJianming ShanghaiUniversityofEngineeringScience，Shanghai，China Basedonthestatisticscomingfrom theChinaStatisticalYearbookandtheShanghaiStatisticalYearbookrfom 1978to2011，theauthorsexploittheinternalrelationshipsofthethreevariablesofincome，education，andmedical expensesbyconstructingthemodelofvectorautoregressivemodel(VAR)．Theresultsshow thattheincome elasticity ofmedicalexpensesisnegative．Thereareinverserelationshipbetween risingmedicalexpensesand income，inthelongterm ，moremedicalexpensesmeanbadhealthandgetlessincome，meanwhiletheeducation elasticityofmedicalexpensesis0．15，indicatingthateducationhaspositivelybutslowlycorrelatedwithgrowthof medicalexpenses．Risingmedicalexpensesonincomechnages，thereisalong-term impactofincomeonmedical expenses，theincreaseinrevenuetostimulatehealthydemna d，drivenbyrisinghealthcarecosts，indicatesthatafter themarket-orientedhealthcarereform ，healthcarecommoditiesareflexible． Keywords．income，education，risingmedicalexpenses，VECM (VectorErrorCorrectionMode1) Sincethereform andopening-uppolicy，incomehasincreased stepby stepandtheeducationhasalso maderemarkableachievementsinChina．M eanwhile，theproblem ofrisingmedicalexpenseshasbeenthe focusofattention in China．Neoclassicaleconomicssuggeststhatrevenue growthwillinevitably lead to increasing consumptionalthoughthemarginalpropensitytoconsumehasbeenexistedinincreasingwealth． Asasubsetofconsumption bundle，theincreasinghealth spending isnotonlyregarded astheresultof promotingincome，butalsoahealthinve