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In this paper, the dynamics of Standard and Poor's 500 (S&P 500) stock price index is analysed within a time-frequency framework over a monthly period 1791:08–2015:05. Using the Empirical Mode Decomposition technique, the S&P 500 stock price index is divided into different frequencies known as...
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expenditure suggests that health care is a luxury good in these states. By contrast, the short-run elasticity obtained from the … regressions in first differences is in the range (0,1) for most US states, which suggests that health care is a necessity good … instead. The implications of these results for health policy are also discussed. …
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expenditure suggests that health care is a luxury good in these states. By contrast, the short-run elasticity obtained from the … regressions in first differences is in the range (0,1) for most US states, which suggests that health care is a necessity good … instead. The implications of these results for health policy are also discussed. …
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