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Ulf Gerdtham. Photo.

Ulf Gerdtham

Professor

Ulf Gerdtham. Photo.

On stationarity and cointegration of international health expenditure and GDP

Author

  • 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.

Publishing year

2000-07-01

Language

English

Pages

461-475

Publication/Series

Journal of Health Economics

Volume

19

Issue

4

Document type

Journal article review

Publisher

Elsevier

Topic

  • Economics

Keywords

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

Status

Published

ISBN/ISSN/Other

  • ISSN: 0167-6296