Comparative Study
doi: 10.1016/s0167-6296(99)00036-3.
On stationarity and cointegration of international health expenditure and GDP
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- PMID: 11010235
- DOI: 10.1016/s0167-6296(99)00036-3
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Comparative Study
On stationarity and cointegration of international health expenditure and GDP
J Health Econ.
2000 Jul.
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.
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