The purpose of our paper is to present the main institutional efforts taken towards improving the health status of OECD population. Supporting the better health desideratum, our study reviewed some of the previously published scientific papers that dealt with the estimation of life expectancy at birth through econometric modelling. Our collected data included health spending, out-of-pocket payments, total expenditure on pharmaceuticals and other medical non-durables, number of physicians number of nurses, total hospital beds, number of doctors’ consultations, average length of stay, pharmaceutical consumption and alcohol consumption. The step-wise estimation was carried out using the Ordinary Least squares technique, and a Fixed Effects Model as opposed to a Random Effects Model. The Random Effects model was chosen and the results were interpreted.
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