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Ulf Gerdtham. Foto.

Ulf Gerdtham

Professor

Ulf Gerdtham. Foto.

On stationarity and cointegration of international health expenditure and GDP

Författare

  • Ulf G. Gerdtham
  • Mickael Löthgren

Summary, in English

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.

Publiceringsår

2000-07-01

Språk

Engelska

Sidor

461-475

Publikation/Tidskrift/Serie

Journal of Health Economics

Volym

19

Issue

4

Dokumenttyp

Artikel i tidskrift

Förlag

Elsevier

Ämne

  • Economics

Nyckelord

  • Cointegration
  • Health expenditure
  • Heterogeneous dynamic panels
  • OECD
  • Panel test

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 0167-6296