Health expenditures and Income with Nonstationary Panel Data: Evidence from ECOWAS Member Countries

Eugene Kouassi (), Gnoudentiho Silue (), Oluyele Akinkugbe () and Jean Marcelin Brou ()
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Eugene Kouassi: Dept. of Economics University FHB, Abidjan, Cote d`Ivoire
Gnoudentiho Silue: Dept of Economics, University Alassane Ouattara
Oluyele Akinkugbe: School of Economics and Business Sciences
Jean Marcelin Brou: Dept of Economics, University Felix Houphouet Boigny

Economics Bulletin, 2017, vol. 37, issue 3, 2198-2218

Abstract: Using non-stationary panel data techniques and controlling for cross-section dependencies and heterogeneities, the relationship between income and health care expenditure is revisited for the ECOWAS regional bloc in this paper. Our results confirm the existence of long run relationship between health care spending and the per capita Gross Domestic Product (GDP). In addition, country-level analyses show some common features, especially for non-observable factors. The income elasticity of health care expenditure derived from panel data estimation technique confirms the popular demand by citizens and the international community, for more investment on health care services in the ECOWAS sub-region.

Keywords: Non stationary panel data; cross-section dependence; health expenditure; (spatial) cointegration; income elasticity; ECOWAS. (search for similar items in EconPapers)
JEL-codes: C3 H5 (search for similar items in EconPapers)
Date: 2017-09-27
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Citations: View citations in EconPapers (1)

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