Health care expenditure and GDP: Are they broken stationary?

被引：73

作者：

Carrion-i-Silvestre, JL ^{[1
]}

机构：

[1] Univ Barcelona, Anal Quantitat Reg Res Grp, Barcelona 08034, Spain

来源：

JOURNAL OF HEALTH ECONOMICS | 2005年 / 24卷 / 05期

关键词：

multiple structural breaks; panel data stationarity test; cross-section dependence;

D O I：

10.1016/j.jhealeco.2005.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we analyse the stationarity of the real per capita health care expenditure (HCE) and real per capita GDP for a sample of OECD countries, allowing for the presence of multiple structural breaks. One novelty of the paper is that it permits the presence of structural breaks that affect both the level and the slope of the time series. After the cross-section dependence is accounted for, we have found that these variables can be characterised as stationary processes evolving around a broken trend.(c) 2005 Elsevier B.V. All rights reserved.

引用

页码：839 / 854

页数：16

共 36 条

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