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Health Expenditures in Greece: A Multiple Least Squares Regression and Cointegration Analysis Using Bootstrap Simulation in EVIEWS

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  • Giovanis, Eleftherios

Abstract

This paper examines the factors that are contributing at the most explained and efficient way to health expenditures in Greece. Two methods are applied. Multiple regressions and vector error correction models are estimated, as also unit root tests applied to define in which order variables are stationary. Because the available data are yearly and capture a small period from 1985-2006, so the sample is small, a bootstrap simulation is applied, to improve the estimations.

Suggested Citation

  • Giovanis, Eleftherios, 2009. "Health Expenditures in Greece: A Multiple Least Squares Regression and Cointegration Analysis Using Bootstrap Simulation in EVIEWS," MPRA Paper 22327, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22327
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    File URL: https://mpra.ub.uni-muenchen.de/22327/1/MPRA_paper_22327.pdf
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    References listed on IDEAS

    as
    1. Joseph P. Newhouse, 1977. "Medical-Care Expenditure: A Cross-National Survey," Journal of Human Resources, University of Wisconsin Press, vol. 12(1), pages 115-125.
    2. Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996. "Efficient Tests for an Autoregressive Unit Root," Econometrica, Econometric Society, vol. 64(4), pages 813-836, July.
    3. Dreger, C. & Reimers, H.E., 2005. "Health Care Expenditures in OECD Countries: A Panel Unit Root and Cointegration Analysis," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 2(2), pages 5-20.
    4. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    health expenditures; bootstrapping regression; Ordinary Least Squares; Vector Error Correction Model; EVIEWS;
    All these keywords.

    JEL classification:

    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • I10 - Health, Education, and Welfare - - Health - - - General

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