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

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Listed:
  • David Fielding
  • Kalvinder Shields

Abstract

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, Division of Economics, School of Business, University of Leicester.
  • Handle: RePEc:lec:leecon:01/5
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    File URL: https://www.le.ac.uk/economics/research/RePEc/lec/leecon/econ01-5.pdf
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    References listed on IDEAS

    as
    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.
    2. Behrman, Jere R. & Deolalikar, Anil B., 1988. "Health and nutrition," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 14, pages 631-711, Elsevier.
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    More about this item

    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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