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

Author

Listed:
  • Eugene Kouassi

    (Dept. of Economics University FHB, Abidjan, Cote d`Ivoire)

  • Gnoudentiho G Silue

    (Dept of Economics, University Alassane Ouattara)

  • Oluyele Akinkugbe

    (School of Economics and Business Sciences)

  • Jean Marcelin B Brou

    (Dept of Economics, University Felix Houphouet Boigny)

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.

Suggested Citation

  • Eugene Kouassi & Gnoudentiho G Silue & Oluyele Akinkugbe & Jean Marcelin B Brou, 2017. "Health expenditures and Income with Nonstationary Panel Data: Evidence from ECOWAS Member Countries," Economics Bulletin, AccessEcon, vol. 37(3), pages 2198-2218.
    • Handle: RePEc:ebl:ecbull:eb-17-00038
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    Cited by:

    1. Jonathan Edward Leightner, 2019. "Does health insurance decrease out-of-pocket health expenses?," Economics Bulletin, AccessEcon, vol. 39(4), pages 2589-2594.

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    More about this item

    Keywords

    Non stationary panel data; cross-section dependence; health expenditure; (spatial) cointegration; income elasticity; ECOWAS.;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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