Health Care Expenditures in OECD Countries: A Panel Unit Root and Cointegration Analysis
Christian Dreger () and
International Journal of Applied Econometrics and Quantitative Studies, 2005, vol. 2, issue 2, 5-20
This paper examines the linkationship between health care expenditures and gdp for 21 oecd countries using panel cointegration techniques. the analysis accounts for the fact that health care expenditures are not solely driven by income, but also by medical progress, where different measures are used. in the extended models, cointegration can be established. the income elasticity is not different from unity, implying that health care is not a luxury good. this finding is robust for alternative proxies of medical progress, and various estimators of the cointegration vector. in addition, cointegration can be detected even between nonstationary common factors.
Keywords: health care expenditures; medical progress, panel cointegration, common factors (search for similar items in EconPapers)
JEL-codes: C23 I10 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (92) Track citations by RSS feed
Downloads: (external link)
Working Paper: Health Care Expenditures in OECD Countries: A Panel Unit Root and Cointegration Analysis (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eaa:ijaeqs:v:2:y2005:i:2_1
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in International Journal of Applied Econometrics and Quantitative Studies from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().