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On stationarity and cointegration of international health expenditure and GDP

Gerdtham, Ulf G. LU orcid and Löthgren, Mickael (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.

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author
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publishing date
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
  • scopus:0034237648
  • pmid:11010235
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
2024-08-06 00:17:46
@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}},
}