Tang, Chor Foon (2010): Multivariate Granger causality and the dynamic relationship between health spending, income, and health price in Malaysia.
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This study employs the Granger causality test within a multivariate cointegration and error-correction framework to investigate the relationship between health spending, income, and health price in Malaysia. This study covers the annual sample from 1970 to 2009. The main findings of this study are that in the short-run there is uni-directional Granger causality running from health spending and health price to income in Malaysia. While, in the long-run health spending, income and health price are bi-directional Granger causality. In addition, we also extend the study to examine the dynamic interaction between the variables in the system through the forecast error variance decomposition and impulse response function analyses. In line with the finding of Granger causality, all the variables behaved endogenously in the long-run. Thus, the variables are Granger-causes each other in the long-run even there might be deviations in the short-run.
|Item Type:||MPRA Paper|
|Original Title:||Multivariate Granger causality and the dynamic relationship between health spending, income, and health price in Malaysia|
|Keywords:||Causality, Cointegration; Health spending; Growth; Malaysia|
|Subjects:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H51 - Government Expenditures and Health
I - Health, Education, and Welfare > I1 - Health > I18 - Government Policy ; Regulation ; Public Health
C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics
|Depositing User:||Chor Foon Tang|
|Date Deposited:||08. Dec 2010 23:03|
|Last Modified:||30. Dec 2015 19:39|
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Available Versions of this Item
The determinants of health expenditure in Malaysia: A time series analysis. (deposited 11. Aug 2010 15:45)
Multivariate Granger causality and the dynamic relationship between health spending, income, and health price in Malaysia. (deposited 07. Dec 2010 20:28)
- Multivariate Granger causality and the dynamic relationship between health spending, income, and health price in Malaysia. (deposited 08. Dec 2010 23:03) [Currently Displayed]
- Multivariate Granger causality and the dynamic relationship between health spending, income, and health price in Malaysia. (deposited 07. Dec 2010 20:28)