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Activity Number: 507 - Economic Forecasts and Macro Modeling
Type: Contributed
Date/Time: Wednesday, August 2, 2017 : 10:30 AM to 12:20 PM
Sponsor: Business and Economic Statistics Section
Abstract #323811 View Presentation
Title: Cointegration of Health Expenditure and GDP with Smooth Breaks
Author(s): Dong-Yop Oh* and Hyejin Lee
Companies: The University of Texas Rio Grande Valley and University of Texas Rio Grande Valley
Keywords: Cointegration ; Fourier function ; Nonlinear structural breaks

This study examines the co-movement of the health expenditure and GDP for a sample of 19 OECD countries using data from the period 1970-2015. In particular, a newly developed autoregressive distributive lag (ADL) cointegration test which captures nonlinear smooth structural change using a Fourier function is employed. Our findings indicate significant support for country-by-country cointegration relationships between health expenditure and GDP among OECD countries.

Authors who are presenting talks have a * after their name.

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