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