Title

Stationarity Of Health Expenditures And Gdp: Evidence From Panel Unit Root Tests With Heterogeneous Structural Breaks

Keywords

C12; C22; C23; Health expenditures; I10; Lagrange multiplier; Panel unit root tests; Structural break

Abstract

This paper re-examines the stationarity of national health care expenditures and GDP in a panel setting utilizing data from 20 OECD countries over the period from 1960 to 1997. Previous research in this area has recognized the drawback of not allowing for structural breaks in their unit root tests and noted that their empirical results may not be robust. We advance the literature by utilizing a recently developed panel LM unit root test that allows for heterogeneous level shifts. In contrast to previous analyses that did not consider breaks, our results reject the unit root null hypothesis for both series. © 2003 Elsevier Science B.V. All rights reserved.

Publication Date

1-1-2003

Publication Title

Journal of Health Economics

Volume

22

Issue

2

Number of Pages

313-323

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/S0167-6296(02)00122-4

Socpus ID

0037373952 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0037373952

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