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Dynamic Interaction Between Income and Health: Time-Series Evidence from Scandinavia


  • David Fielding


  • Kalvinder Shields


This paper complements existing cross-section and panel data analyses of the interaction of income and health outcomes by applying a cointegrating VAR model of income and health to time-series data for several Scandinavian countries. The results are consistent with previous crosssection and panel results, but also highlight the complexity and heterogeneity of the dynamic relationships that generate them. In particular, there are substantial differences across countries in the relative importance of different underlying causes of the health-income correlation.

Suggested Citation

  • David Fielding & Kalvinder Shields, 2001. "Dynamic Interaction Between Income and Health: Time-Series Evidence from Scandinavia," Discussion Papers in Economics 01/5, Department of Economics, University of Leicester.
  • Handle: RePEc:lec:leecon:01/5

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    References listed on IDEAS

    1. Pesaran, M. Hashem & Shin, Yongcheol, 1996. "Cointegration and speed of convergence to equilibrium," Journal of Econometrics, Elsevier, vol. 71(1-2), pages 117-143.
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    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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