Baltagi, Badi H.; Lagravinese, Raffaele; Moscone, Francesco - 2016
This paper investigates the long-run economic relationship between health care expenditure and income in the world … using data on 167 countries over the period 1995-2012, collected from the World Bank data set. The analysis is carried using … panel data methods that allow one to account for unobserved heterogeneity, temporal persistence, and crosssection dependence …