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Do per capita health care expenditures converge among OECD countries? Evidence from unit root tests with level and trend-shifts

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  • James E. Payne
  • Stephanie Anderson
  • Junsoo Lee
  • Myeong Hyeon Cho

Abstract

This study examines the stochastic conditional convergence of per capita health care expenditures (PCHCE) among 19 OECD countries over the period 1972–2008. Specifically, newly developed LM and RALS-LM unit root tests with allowance for two endogenously determined structural breaks are employed. The results indicate support for PCHCE convergence among most OECD countries. The results are stronger in more general tests that control for two breaks and nonnormal errors. Panel unit root tests provide additional support for the stochastic convergence of PCHCE.

Suggested Citation

  • James E. Payne & Stephanie Anderson & Junsoo Lee & Myeong Hyeon Cho, 2015. "Do per capita health care expenditures converge among OECD countries? Evidence from unit root tests with level and trend-shifts," Applied Economics, Taylor & Francis Journals, vol. 47(52), pages 5600-5613, November.
    • Handle: RePEc:taf:applec:v:47:y:2015:i:52:p:5600-5613
    DOI: 10.1080/00036846.2015.1054070
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    Cited by:

    1. Fengping Tian & Jiti Gao & Ke Yang, 2018. "A quantile regression approach to panel data analysis of health‐care expenditure in Organisation for Economic Co‐operation and Development countries," Health Economics, John Wiley & Sons, Ltd., vol. 27(12), pages 1921-1944, December.
    2. Kris Ivanovski & Sefa Awaworyi Churchill, 2021. "Has healthcare expenditure converged across Australian states and territories?," Empirical Economics, Springer, vol. 61(6), pages 3401-3417, December.
    3. Serap Taskaya & Mustafa Demirkiran, 2016. "The Causality between Healthcare Resources and Health Expenditures in Turkey. A Granger Causality Method," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(2), pages 98-103, April.
    4. Saadet Kasman & Adnan Kasman, 2021. "Convergence in obesity and overweight rates across OECD countries: evidence from the stochastic and club convergence tests," Empirical Economics, Springer, vol. 61(2), pages 1063-1096, August.
    5. Arsova, Antonia & Karaman Örsal, Deniz Dilan, 2021. "A panel cointegrating rank test with structural breaks and cross-sectional dependence," Econometrics and Statistics, Elsevier, vol. 17(C), pages 107-129.
    6. Mishra, Vinod & Smyth, Russell, 2017. "Conditional convergence in Australia's energy consumption at the sector level," Energy Economics, Elsevier, vol. 62(C), pages 396-403.
    7. Clemente, Jesús & Lázaro-Alquézar, Angelina & Montañés, Antonio, 2019. "Convergence in Spanish Public health expenditure: Has the decentralization process generated disparities?," Health Policy, Elsevier, vol. 123(5), pages 503-507.
    8. Giorgia Marini, 2016. "A note on the power of panel cointegration tests – An application to health care expenditure and gdp," Public Finance Research Papers 21, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    9. Gülsüm AKARSU & Reyhan CAFRI & Hanife BIDIRDI, 2019. "Are Public-Private Components of Health Care Expenditures Converging Among OECD Countries? Evidence from a Nonlinear Panel Unit Root TestAbstract: Many countries devote an increasing proportion of the," Sosyoekonomi Journal, Sosyoekonomi Society.

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