Do per capita health care expenditures converge among OECD countries? Evidence from unit root tests with level and trend-shifts

被引：18

作者：

Payne, James E. ^{[1
]}

Anderson, Stephanie ^{[2
]}

Lee, Junsoo ^{[2
]}

Cho, Myeong Hyeon ^{[3
]}

机构：

[1] Georgia Coll & State Univ, J Whitney Bunting Coll Business, Milledgeville, GA 31061 USA

[2] Univ Alabama, Dept Econ Finance & Legal Studies, Tuscaloosa, AL 35487 USA

[3] Korea Univ, Sch Management, Seoul 136701, South Korea

来源：

APPLIED ECONOMICS | 2015年 / 47卷 / 52期

关键词：

per capita health care expenditures; OECD; unit roots; trend-shifts; STRUCTURAL BREAKS; ECONOMIC-GROWTH; PANEL-DATA; COINTEGRATION TESTS; GDP; DETERMINANTS; INCOME; STATES; STATIONARITY; LUXURY;

D O I：

10.1080/00036846.2015.1054070

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the stochastic conditional convergence of per capita health care expenditures (PCHCE) among 19 OECD countries over the period 1972-2008. Specifically, newly developed LM and RALS-LM unit root tests with allowance for two endogenously determined structural breaks are employed. The results indicate support for PCHCE convergence among most OECD countries. The results are stronger in more general tests that control for two breaks and nonnormal errors. Panel unit root tests provide additional support for the stochastic convergence of PCHCE.

引用

页码：5600 / 5613

页数：14

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