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 … contribution by Lichtenberg (2004), which relates longevity in the United States to pharmaceutical innovation and public health …

have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …

are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC … alternative models, due to parameter estimation error, indicating that caution needs to be exercised when interpreting the results …

processes, cointegration is a necessary condition both for consistent estimation of the parameters of the model and … compatibility between the model and the data. Tests find little support for cointegration and, together with an out …

This paper interprets accidents occurring on the way to and from work as negative health shocks to identify the causal … effect of health on labor market outcomes. We argue that in our sample of exactly matched treated and control workers, these … health shocks are quasi-randomly assigned. A fixed-effects difference-in-differences approach estimates a negative and …

common specification, and common estimation methods, we argue that the contradictory findings can be explained by the fact …

relatively simple specification and estimation strategy for the cointegrated case. We show that in the cointegrated case with …

. Estimation under various hypotheses is made possible by a new estimation technique, that makes it simple to derive a number of …

markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the …

cointegration approaches confirm the latter through recursive estimation. The implication is that global market movements may have …We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock …