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production function

You won’t believe what these NHS productivity statistics mean for health policy!

Newly published research from Chris Bojke and co-authors estimates productivity growth in the NHS from 1998/1999 to 2013/2014. Total output of the NHS comprises both the volume of various services and their quality while inputs are approximated by total expenditure.… Read More »You won’t believe what these NHS productivity statistics mean for health policy!

Human capital, endogenous growth and hospital performance

In the health economics literature we often treat a hospital as a healthcare producing ‘firm’. We define cost-functions and perform efficiency analysis, for example. However, this sort of analysis is certainly hampered by the difficulty in measuring healthcare production. One… Read More »Human capital, endogenous growth and hospital performance