Wu, Po-Chin; Liu, Shiao-Yen; Pan, Sheng-Chieh - In: Social Indicators Research 118 (2014) 2, pp. 893-910
This paper employs the panel smooth transition regression (PSTR) model to investigate the role of Okun’s misery index …-period lagged Okun’s misery index, which varies with time and across countries. In addition, there is a trade-off for the … governments of 19 OECD countries to lower misery index and suppress the growth of health spending. In particular, the negative …