Figure 1. Separation of age, period, and cohort efects.
Figure 2. Study model. APC, age-period-cohort.
Figure 3. Forecasting frame. APC, age-period-cohort.
Figure 4. Trends in annual increase rate (%) of per capita health ex-penditure by year and age group.
Figure 5. Coefcient estimates of age (A), period (B), and cohort (C) efects on per capita healthcare expenditures using age-period-cohort-in-trinsic estimator model.
Figure 6. Coefficient estimates of age (A), period (B), and cohort (C) effects on per capita healthcare expenditures by function and financing using age-period-cohort–intrinsic estimator model.
Table 1. Dependent/independent variables and data sources
Table 2. Model ft statistics
Table 3. Comparison of predicted values of per capita healthcare expenditure by model (unit: 1,000 won)
Table 4. Forecasting results of future healthcare expenditure: 2018–2019 to 2030–2031 (unit: 100,000 people, 1 billion won, 1,000 won)
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