On stationarity and cointegration of international health expenditure and GDP
(2000) In Journal of Health Economics 19(4). p.461-475- Abstract
This paper examines stationarity and cointegration of health expenditure and GDP, for a sample of 21 OECD countries using data for the period 1960-1997, by applying a test battery that allows robust inference to be made on the stationarity and cointegration issue. Trend stationarity and no-cointegration are tested using new country-by-country and panel tests, not previously applied in this setting. New results for country-by-country and panel tests of non-stationarity and cointegration are presented. Our unit root and trend stationarity results indicate that both health expenditure and GDP are non-stationary. The no-cointegration and cointegration results indicate that health expenditure and GDP are cointegrated. Copyright (C) 2000... (More)
This paper examines stationarity and cointegration of health expenditure and GDP, for a sample of 21 OECD countries using data for the period 1960-1997, by applying a test battery that allows robust inference to be made on the stationarity and cointegration issue. Trend stationarity and no-cointegration are tested using new country-by-country and panel tests, not previously applied in this setting. New results for country-by-country and panel tests of non-stationarity and cointegration are presented. Our unit root and trend stationarity results indicate that both health expenditure and GDP are non-stationary. The no-cointegration and cointegration results indicate that health expenditure and GDP are cointegrated. Copyright (C) 2000 Elsevier Science B.V.
(Less)
- author
- Gerdtham, Ulf G. LU and Löthgren, Mickael
- publishing date
- 2000-07-01
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Cointegration, Health expenditure, Heterogeneous dynamic panels, OECD, Panel test
- in
- Journal of Health Economics
- volume
- 19
- issue
- 4
- pages
- 15 pages
- publisher
- Elsevier
- external identifiers
-
- pmid:11010235
- scopus:0034237648
- ISSN
- 0167-6296
- DOI
- 10.1016/S0167-6296(99)00036-3
- language
- English
- LU publication?
- no
- id
- 8f566cae-71ab-424e-8b3a-c1690334fc4d
- date added to LUP
- 2018-10-09 11:30:05
- date last changed
- 2024-10-15 09:07:34
@article{8f566cae-71ab-424e-8b3a-c1690334fc4d, abstract = {{<p>This paper examines stationarity and cointegration of health expenditure and GDP, for a sample of 21 OECD countries using data for the period 1960-1997, by applying a test battery that allows robust inference to be made on the stationarity and cointegration issue. Trend stationarity and no-cointegration are tested using new country-by-country and panel tests, not previously applied in this setting. New results for country-by-country and panel tests of non-stationarity and cointegration are presented. Our unit root and trend stationarity results indicate that both health expenditure and GDP are non-stationary. The no-cointegration and cointegration results indicate that health expenditure and GDP are cointegrated. Copyright (C) 2000 Elsevier Science B.V.</p>}}, author = {{Gerdtham, Ulf G. and Löthgren, Mickael}}, issn = {{0167-6296}}, keywords = {{Cointegration; Health expenditure; Heterogeneous dynamic panels; OECD; Panel test}}, language = {{eng}}, month = {{07}}, number = {{4}}, pages = {{461--475}}, publisher = {{Elsevier}}, series = {{Journal of Health Economics}}, title = {{On stationarity and cointegration of international health expenditure and GDP}}, url = {{http://dx.doi.org/10.1016/S0167-6296(99)00036-3}}, doi = {{10.1016/S0167-6296(99)00036-3}}, volume = {{19}}, year = {{2000}}, }