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A note on cointegration of health expenditures and income

✍ Scribed by Zijun Wang; Andrew J. Rettenmaier

Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
212 KB
Volume
16
Category
Article
ISSN
1057-9230

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

Utilizing a panel data set of 50 US states, this note investigates nonstationarity and cointegration of health care expenditures and gross state products (GSP). Both the individual state‐based method and the recent panel data method are applied. Allowing for structural breaks in the test, we find that health care expenditures and GSP are both nonstationary. The evidence also suggests that the two series form a cointegrating relationship. The income elasticities of health spending vary over states and became smaller in the 1990s. Copyright Β© 2006 John Wiley & Sons, Ltd.

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