Akkoyunlu, Sule; Lichtenberg, Frank R.; Siliverstovs, Boriss - In: Economics Bulletin 30 (2010) 3, pp. 2505-2514
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...