Convergence of per capita health care expenditures in OECD Countries
In this article it is investigated the convergence of health care expenditures per capita in OECD during the 1970–2005 period by applying Lima and Resende (2007) persistence methodology. Departures across countries were evaluated in terms of panel data unit root tests advanced by Im et al. (2003). The evidence illustrated that one cannot reject the null hypothesis of unit root for the (log) of the ratio of health care expenditures of each country relative to a reference unit except average of per capita health expenditures The results, therefore, favour a very strong form of persistence for OECD expenditures inequality.
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Quah, D., 1993.
"Exploiting Cross Section Variation for Unit Root Inference in Dynamic Data,"
549, Stockholm - International Economic Studies.
- Quah, Danny, 1994. "Exploiting cross-section variation for unit root inference in dynamic data," Economics Letters, Elsevier, vol. 44(1-2), pages 9-19.
- Danny Quah, 1993. "Exploiting Cross Section Variation for Unit Root Inference in Dynamic Data," FMG Discussion Papers dp171, Financial Markets Group.
- Fleissig, Adrian & Strauss, Jack, 2001. "Panel Unit-Root Tests of OECD Stochastic Convergence," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 153-62, February.
- Lopez, Claude & Murray, Christian J & Papell, David H, 2005.
"State of the Art Unit Root Tests and Purchasing Power Parity,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 37(2), pages 361-69, April.
- Claude Lopez & Christian J. Murray & David H. Papell, 2003. "State of the Art Unit Root Tests and the PPP Puzzle," Macroeconomics 0310009, EconWPA.
- Claude Lopez & Christian J. Murray & David H. Papell, 2004. "State of the Art Unit Root Tests and Purchasing Power Parity," University of Cincinnati, Economics Working Papers Series 2004-04, University of Cincinnati, Department of Economics.
- Banerjee, Anindya, 1999. " Panel Data Unit Roots and Cointegration: An Overview," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 607-29, Special I.
- J. Holmes, Mark, 2002. "Convergence in International Output: Evidence from Panel Data Unit Root Tests," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 826-838.
- Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003.
"Testing for unit roots in heterogeneous panels,"
Journal of Econometrics,
Elsevier, vol. 115(1), pages 53-74, July.
- Tom Doan, . "IPSHIN: RATS procedure to implement Im, Pesaran and Shin panel unit root test," Statistical Software Components RTS00098, Boston College Department of Economics.
- 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.
- Marcos Lima & Marcelo Resende, 2007. "Convergence of per capita GDP in Brazil: an empirical note," Applied Economics Letters, Taylor & Francis Journals, vol. 14(5), pages 333-335.
- Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
- Paresh Kumar Narayan, 2007. "Do health expenditures 'catch-up'? Evidence from OECD countries," Health Economics, John Wiley & Sons, Ltd., vol. 16(10), pages 993-1008.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics,
Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, . "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
- Marcelo Resende & Marcos Lima, 2005. "Market share instability in Brazilian industry: a dynamic panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 37(6), pages 713-718.
- Francis X. Diebold & Marc Nerlove, 1988. "Unit roots in economic time series: a selective survey," Finance and Economics Discussion Series 49, Board of Governors of the Federal Reserve System (U.S.).
- Maddala, G S & Wu, Shaowen, 1999. " A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-52, Special I.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:10592. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.