National Time Accounting and National Economic Accounting

Landefeld, J. Steven; Villones, Shaunda

doi:10.7208/chicago/9780226454573.003.0005

Cited by 3 publications

(2 citation statements)

References 2 publications

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“…Because the NIS reports only total billed hospital charges for each inpatient stay, total hospital costs were estimated using cost-to-charge ratios published by the Healthcare Cost and Utilization Project. All financial variables were adjusted for inflation and reported in 2011 dollars using the US Department of Commerce Bureau of Economic Analysis gross domestic product implicit price deflator …”

Section: Methodsmentioning

confidence: 99%

Association of Hospital Market Concentration With Costs of Complex Hepatopancreaticobiliary Surgery

et al. 2017

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Section: Methodsmentioning

confidence: 99%

Association of Hospital Market Concentration With Costs of Complex Hepatopancreaticobiliary Surgery

et al. 2017

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“…Thus, in a developed economy, such as the US economy, over a period of 40 years the average annual rate of GDP of 3% is followed by 1% of the average annual rate of real wages (Landefeld & Villones, 2009).…”

Section: Resultsmentioning

confidence: 99%

Neural Network Model for Average Annual Net Earnings Determination in Eu Economies

Lakić,

Ćetković,

Knežević

et al. 2022

EUrASEANs

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In macroeconomic modeling, the application of artificial neural networks (ANN) for forecasting key macroeconomic variables is present to a large extent. Precise forecasts of economic conditions are of crucial importance for the rational planning of overall economic efficiency in order to reduce the uncertainty of future economic trends. The purpose of constructing economic models is to determine the influence of changes in the value of certain economic variables on the model defined output variable. Starting from earnings as a key concept in economics, the aim of the research is to produce a forecast model for determining the average annual net earnings, depending on the movement of key economic variables, i.e. from measures of economic performance. Based on a series of data relating to the period from 2005 to 2016, for the countries of the European Union, a high-reliability forecast model was developed using the most widely utilized type of ANN – a Multilayer Perceptron with a backpropagation algorithm. Specifically, the forecast model built to determine the earnings showed an average deviation of the real from the forecast size of up to 13%. Understanding and using such and similar models is crucial for policymakers when creating economic policies.

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Measuring the welfare of sub-groups subject to premature mortality

Doessel

Williams

2014

International Journal of Social Economics

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Purpose – The purpose of this paper is to provide an exposition of the concepts relevant to measuring the economic effect of premature mortality and the conception of how the social loss from premature mortality can be incorporated into social welfare measurement. None of the conventional welfare measures currently pick up this welfare signal. Design/methodology/approach – Various concepts are examined in the conventional and “new” literatures of welfare measurement. Six Venn diagrams show how various concepts “fit together”. Findings – This paper outlines a framework for measuring the economic effect of premature mortality in a conceptually appropriate way. Thus the paper shows how the welfare loss associated with premature mortality can be incorporated into social welfare measurement. Research limitations/implications – Accurate premature mortality measurement is difficult but this data problem hardly limits this exercise. Sensitivity analyses can alleviate this measurement problem. Practical implications – The main practical implication is that empirical applications are feasible. Time series data can be analysed from this conceptual framework to determine whether the problem of the social loss from premature mortality is improving through time, or worsening. Social implications – Knowing the size of the welfare impact of premature mortality is useful not only on policy fronts concerning premature mortality prevention. Originality/value – “New welfare measurement” has not yet been applied to the notion of the social loss from premature mortality.

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National Time Accounting and National Economic Accounting

Cited by 3 publications

References 2 publications

Association of Hospital Market Concentration With Costs of Complex Hepatopancreaticobiliary Surgery

Association of Hospital Market Concentration With Costs of Complex Hepatopancreaticobiliary Surgery

Neural Network Model for Average Annual Net Earnings Determination in Eu Economies

Measuring the welfare of sub-groups subject to premature mortality

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