Specifying technical change: A research on the nature of technical change in Dutch hospital industry
Quarterly Review of Economics and Finance , Volume 44 - Issue 3 p. 448- 463
This paper studies the nature of technical change in Dutch hospitals. From the estimation of a cost function on data in the time period 1993-2000 we conclude that technical change is embodied (input biased) and non-scale augmenting. Technical change leads to an increasing use of medical personnel and material supplies at the expense of nursing personnel. Specifying technical change by a technology index allowing for a shock wise introduction of new technologies is to be preferred to the traditional time trends. Efficiency scores however are hardly affected by the choice of specification.
|Cost efficiency, Hospitals, Technical change, Technical efficiency, Technology index|
|Quarterly Review of Economics and Finance|
|Organisation||Erasmus MC: University Medical Center Rotterdam|
Blank, J.L.T, & Lansdorp-Vogelaar, I. (2004). Specifying technical change: A research on the nature of technical change in Dutch hospital industry. Quarterly Review of Economics and Finance, 44(3), 448–463. doi:10.1016/j.qref.2004.05.007