Ulf Gerdtham
Professor
On stationarity and cointegration of international health expenditure and GDP
Author
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