Gerdtham, U. -G.; Lothgren, M. - In: Applied Economics 34 (2002) 13, pp. 1679-1686
This article tests for existence of cointegration between health expenditure and GDP using data from 25 OECD countries for the period 19607ndash;1997. The empirical modelling is based on a heterogeneous bivariate vector error correction panel model that allows for trending data as well as...