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Health care expenditures in Asia countries: Panel data analysis

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  • Munic Boungnarasy

    ()
    (Graduate School of Economics, Kobe University. Economics Department, National University of Laos.)

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    Abstract

    Most studies on the link between health care expenditure (HCE) and GDP have been analyzed using data intensively from OECD countries, but little is known for other regions. The contribution of this paper is to present new results of several panel unit root and cointegration tests from 11 Asian countries using balanced panel data for the period of 1975-2006. The findings suggest the presence of unit-roots and cointegration in HCE and GDP in Asian data for both cases of with and without time trend in the regressions. This study also finds that the income elasticity varies largely from country to country either the short-run or the long-run. Moreover, the Granger causality tests suggest that only uni-directional causality (GDP cause HCE) does exist.

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    Bibliographic Info

    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 31 (2011)
    Issue (Month): 4 ()
    Pages: 3169-3178

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    Handle: RePEc:ebl:ecbull:eb-10-00578

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    Related research

    Keywords: Health Care Expenditure; Dynamic Panel; Unit Roots; Cointegration; Asia; Short-run; Long-run; Income elasticity;

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    1. Elisa Tosetti & Francesco Moscone, 2007. "Health Expenditure and Income in the United States," Discussion Papers in Economics 07/14, Department of Economics, University of Leicester.
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    3. Gerdtham, Ulf-G. & Lothgren, Mickael, 2000. "On stationarity and cointegration of international health expenditure and GDP," Journal of Health Economics, Elsevier, vol. 19(4), pages 461-475, July.
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    5. Fırat Bilgel & Kien C. Tran, 2013. "The determinants of Canadian provincial health expenditures: evidence from a dynamic panel," Applied Economics, Taylor & Francis Journals, vol. 45(2), pages 201-212, January.
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    9. Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(03), pages 597-625, June.
    10. Breitung, Jorg, 2002. "Nonparametric tests for unit roots and cointegration," Journal of Econometrics, Elsevier, vol. 108(2), pages 343-363, June.
    11. Jewell, Todd & Lee, Junsoo & Tieslau, Margie & Strazicich, Mark C., 2003. "Stationarity of health expenditures and GDP: evidence from panel unit root tests with heterogeneous structural breaks," Journal of Health Economics, Elsevier, vol. 22(2), pages 313-323, March.
    12. McCoskey, Suzanne K. & Selden, Thomas M., 1998. "Health care expenditures and GDP: panel data unit root test results," Journal of Health Economics, Elsevier, vol. 17(3), pages 369-376, June.
    13. Hansen, Paul & King, Alan, 1996. "The determinants of health care expenditure: A cointegration approach," Journal of Health Economics, Elsevier, vol. 15(1), pages 127-137, February.
    14. Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
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