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Health care expenditures in Asia countries: Panel data analysis

Author

Listed:
  • Munic Boungnarasy

    (Graduate School of Economics, Kobe University. Economics Department, National University of Laos.)

Abstract

Most studies on the link between health care expenditure (HCE) and GDP have been analyzed using data intensively from OECD countries, but little is known for other regions. The contribution of this paper is to present new results of several panel unit root and cointegration tests from 11 Asian countries using balanced panel data for the period of 1975－2006. The findings suggest the presence of unit-roots and cointegration in HCE and GDP in Asian data for both cases of with and without time trend in the regressions. This study also finds that the income elasticity varies largely from country to country either the short-run or the long-run. Moreover, the Granger causality tests suggest that only uni-directional causality (GDP cause HCE) does exist.

Suggested Citation

  • Munic Boungnarasy, 2011. "Health care expenditures in Asia countries: Panel data analysis," Economics Bulletin, AccessEcon, vol. 31(4), pages 3169-3178.
    • Handle: RePEc:ebl:ecbull:eb-10-00578
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    References listed on IDEAS

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    Cited by:

    1. Masayoshi Hayashi & Akiko Oyama, 2014. "Factor Decomposition of Inter-prefectural Health Care Expenditure Disparities in Japan," CIRJE F-Series CIRJE-F-948, CIRJE, Faculty of Economics, University of Tokyo.
    2. Badi H. Baltagi & Raffaele Lagravinese & Francesco Moscone & Elisa Tosetti, 2017. "Health Care Expenditure and Income: A Global Perspective," Health Economics, John Wiley & Sons, Ltd., vol. 26(7), pages 863-874, July.
    3. Claudiu T Albulescu & Cornel Oros & Aviral K Tiwari, 2017. "Is there any convergence in health expenditures across EU countries?," Economics Bulletin, AccessEcon, vol. 37(3), pages 2095-2101.
    4. Muhammad Arshad Khan & Muhammad Iftikhar Ul Husnain, 2019. "Is health care a luxury or necessity good? Evidence from Asian countries," International Journal of Health Economics and Management, Springer, vol. 19(2), pages 213-233, June.
    5. Eugene Kouassi & Gnoudentiho G Silue & Oluyele Akinkugbe & Jean Marcelin B Brou, 2017. "Health expenditures and Income with Nonstationary Panel Data: Evidence from ECOWAS Member Countries," Economics Bulletin, AccessEcon, vol. 37(3), pages 2198-2218.
    6. Zouabi, Oussama & Kahia, Montassar, 2014. "The direct effect of climate change on the cereal production in Tunisia: A micro-spatial analysis," MPRA Paper 64441, University Library of Munich, Germany.

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    More about this item

    Keywords

    Health Care Expenditure; Dynamic Panel; Unit Roots; Cointegration; Asia; Short-run; Long-run; Income elasticity;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • I1 - Health, Education, and Welfare - - Health

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