Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries

C-Tier
Journal: Applied Economics
Year: 2009
Volume: 41
Issue: 4
Pages: 531-536

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this article, we examine whether per-capita health expenditures and per-capita GDP for 11 OECD countries can be characterized by asymmetric behaviour. We achieve this goal by using the nonparametric Triples test suggested by Randles et al. (1980). We examine two forms of asymmetries, namely deepness and steepness. Our main finding is that for 6 out of 11 countries, namely for the USA, the UK, Japan, Spain, Finland and Iceland, either per-capita health expenditures or per-capita GDP are characterized by asymmetric behaviour. This finding to some extent casts doubt on those studies that model the relationship between health and GDP using unit-root and cointegration tests that assume symmetric disturbances.

Technical Details

RePEc Handle
repec:taf:applec:v:41:y:2009:i:4:p:531-536
Journal Field
General
Author Count
1
Added to Database
2026-01-26