Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries
In this article, we examine whether per-capita health expenditures and per-capita GDP for 11 OECD countries can be characterized by asymmetric behaviour. We achieve this goal by using the nonparametric Triples test suggested by Randles et al. (1980). We examine two forms of asymmetries, namely deepn...
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ftdeakinunifig:oai:figshare.com:article/21042415 2023-05-15T16:49:19+02:00 Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries Paresh Narayan 2009-02-01T00:00:00Z http://hdl.handle.net/10536/DRO/DU:30022691 https://figshare.com/articles/journal_contribution/Are_health_expenditures_and_GDP_characterized_by_asymmetric_behaviour_Evidence_from_11_OECD_countries/21042415 unknown http://hdl.handle.net/10536/DRO/DU:30022691 https://figshare.com/articles/journal_contribution/Are_health_expenditures_and_GDP_characterized_by_asymmetric_behaviour_Evidence_from_11_OECD_countries/21042415 All Rights Reserved Uncategorized Social Sciences Economics Business & Economics ECONOMIC TIME-SERIES BUSINESS-CYCLE ASYMMETRY CARE EXPENDITURE STRUCTURAL BREAKS REAL GNP OUTPUT STATIONARITY SYMMETRY Text Journal contribution 2009 ftdeakinunifig 2022-11-17T22:43:51Z In this article, we examine whether per-capita health expenditures and per-capita GDP for 11 OECD countries can be characterized by asymmetric behaviour. We achieve this goal by using the nonparametric Triples test suggested by Randles et al. (1980). We examine two forms of asymmetries, namely deepness and steepness. Our main finding is that for 6 out of 11 countries, namely for the USA, the UK, Japan, Spain, Finland and Iceland, either per-capita health expenditures or per-capita GDP are characterized by asymmetric behaviour. This finding to some extent casts doubt on those studies that model the relationship between health and GDP using unit-root and cointegration tests that assume symmetric disturbances. Other Non-Article Part of Journal/Newspaper Iceland DRO - Deakin Research Online |
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Open Polar |
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DRO - Deakin Research Online |
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ftdeakinunifig |
language |
unknown |
topic |
Uncategorized Social Sciences Economics Business & Economics ECONOMIC TIME-SERIES BUSINESS-CYCLE ASYMMETRY CARE EXPENDITURE STRUCTURAL BREAKS REAL GNP OUTPUT STATIONARITY SYMMETRY |
spellingShingle |
Uncategorized Social Sciences Economics Business & Economics ECONOMIC TIME-SERIES BUSINESS-CYCLE ASYMMETRY CARE EXPENDITURE STRUCTURAL BREAKS REAL GNP OUTPUT STATIONARITY SYMMETRY Paresh Narayan Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
topic_facet |
Uncategorized Social Sciences Economics Business & Economics ECONOMIC TIME-SERIES BUSINESS-CYCLE ASYMMETRY CARE EXPENDITURE STRUCTURAL BREAKS REAL GNP OUTPUT STATIONARITY SYMMETRY |
description |
In this article, we examine whether per-capita health expenditures and per-capita GDP for 11 OECD countries can be characterized by asymmetric behaviour. We achieve this goal by using the nonparametric Triples test suggested by Randles et al. (1980). We examine two forms of asymmetries, namely deepness and steepness. Our main finding is that for 6 out of 11 countries, namely for the USA, the UK, Japan, Spain, Finland and Iceland, either per-capita health expenditures or per-capita GDP are characterized by asymmetric behaviour. This finding to some extent casts doubt on those studies that model the relationship between health and GDP using unit-root and cointegration tests that assume symmetric disturbances. |
format |
Other Non-Article Part of Journal/Newspaper |
author |
Paresh Narayan |
author_facet |
Paresh Narayan |
author_sort |
Paresh Narayan |
title |
Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
title_short |
Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
title_full |
Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
title_fullStr |
Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
title_full_unstemmed |
Are health expenditures and GDP characterized by asymmetric behaviour? Evidence from 11 OECD countries |
title_sort |
are health expenditures and gdp characterized by asymmetric behaviour? evidence from 11 oecd countries |
publishDate |
2009 |
url |
http://hdl.handle.net/10536/DRO/DU:30022691 https://figshare.com/articles/journal_contribution/Are_health_expenditures_and_GDP_characterized_by_asymmetric_behaviour_Evidence_from_11_OECD_countries/21042415 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://hdl.handle.net/10536/DRO/DU:30022691 https://figshare.com/articles/journal_contribution/Are_health_expenditures_and_GDP_characterized_by_asymmetric_behaviour_Evidence_from_11_OECD_countries/21042415 |
op_rights |
All Rights Reserved |
_version_ |
1766039476680785920 |