Aslan, Alper (2008): Convergence of per capita health care expenditures in OECD Countries. Forthcoming in: Research Journal of International Studies
Download (89kB) | Preview
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.
|Item Type:||MPRA Paper|
|Original Title:||Convergence of per capita health care expenditures in OECD Countries|
|Subjects:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H51 - Government Expenditures and Health|
|Date Deposited:||19. Sep 2008 10:59|
|Last Modified:||25. Sep 2015 06:36|
Anderson GF, Hurst J, Hussey PS, Jee-Hughes M. (2000). Health spending and outcomes: trends in OECD countries 1960–1998. Health Affairs 19: 150–157.
Banerjee, A. (1999) Panel data unit roots and cointegration: an overview. Oxford Bulletin of Economics and Statistics, Special Issue, p. 607-29.
Diebold, F.X.; Nerlove, M. (1990) Unit roots in economic time series: a selected survey. In: Fomby, T.; Rhodes, E. (eds.), Advances in econometrics: cointegration, spurious regressions and unit roots. Greenwich: JAI Press.
Fleissig, A. R. and Strauss, J. (2000) Panel unit root tests of purchasing power parity for price indeces, Journal of International Money and Finance, 19, 489–506.
Fleissig, A. R. and Strauss, J. (2001) Panel unit root tests of OECD stochastic convergence, Review of International Economics, 9, 153–62.
Hitiris & Nixon (2001), Convergence in health care expenditure in the EU countries, Applied Economics Letters 8 (2001), pp. 223–228.
Hofmarcher MM, Rohrling G, Riedel M. (2004). Health expenditure in the EU: convergence by enlargement? Health System Watch, 1/2004, Institute for Advanced Studies, Austria.
Holmes, M. J. (2002) Convergence in international output: evidence from panel data unit root tests, Journal of Economic Integration, 17, 826–38.
Im, K. S., Pesaran, M. H. and Shin, Y. (2003) Testing for unit roots in heterogeneous panels, Journal of Econometrics, 115, 53–74.
Levin, A. and Lin, C. (1992) Unit root tests in panel data: asymptotic and finite-sample properties, University of California, San Diego, Working Paper 92-23.
Levin, A. and Lin, C. (1993) Unit root tests in panel data: new results, University of California, San Diego, Working Paper 93-56.
Lima, M. A. and Resende, M., (2007). Convergence of per capita GDP inBrazil: an empirical note, Applied Economic Letters, 14, 333-335.
Lopez, C., C. J. Murray and D.H. Papell (2005) State of the Art Unit Root Tests and Purchasing Power Parity, Journal of Money, Credit and Banking, 37, 361-370.
Maddala, G. S. And Wu, S., (1999). A comparative study of unit root tests with panel data and a new simple test, Oxford Bulletin of Economics and Statistics, Special Issue, 631–52.
Narayan., P.K, (2007) Do Health Expenditures ‘Catch-up’? Evidence From OECD Countries, Health Economics. 16: 993–1008.
Nelson, C. ve Plosser, C., (1982). Trends and random walks in macroeconomic time series: some evidence and implications, Journal of Monetary Economics, 10, 139-169.
Ng S, Perron P. (1995). Unit root tests in ARMA models with data dependent methods for the selection of the truncation lag. Journal of the American Statistical Association 90: 268–281
Ng, S. and P. Perron (2001) Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power, Econometrica, 69, 1519-1554.
Nixon, J. (2000). Convergence of health care spending and health outcomes in the European Union, 1960–1995. Discussion paper, 183. Centre for health economics, University of York.
OECD. 2005. OECD Health Data 2005.
Okunade AA, Karakus MC, Okeke C. (2004). Determinants of health expenditure growth of the OECD countries: jackknife resampling plan estimates. Health Care Management Science 7: 173–183.
Quah, D. (1994) Exploiting cross-section variates for unit root inference in dynamic data. Economics Letters, 44, p. 9-19.
Resende, M. (2004) Gibrat’s law and the growth of cities in Brazil: a panel data investigation, Urban Studies, 41, 1537–49.
Resende, M. and Lima, M. A. M. (2005) Market share instability in Brazilian industry: a dynamic panel data analysis, Applied Economics, 37, 713–8.
Wang., Z, (2008) The Convergence of Health care Expenditures in The US States, Health Economics. 10.1002/hec.1343.