Convergence of health care expenditures across the US States: a reconsideration.
Journal article
Authors | Apergis, Nicholas, Chang, Tsangyao, Christou, Christina and Gupta, Ragan |
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Abstract | Current evidence on the convergence of health care expenditures across the US states into a single convergence club is non-existent. Against this backdrop, we use a modified panel unit root test that accounts for smooth structural changes, spanning the period of 1966–2009. The results illustrate that the ratio of the individual health care expenditures relative to the cross-sectional average is broken trend-stationary, not only in the aggregate panel, but also across all 50 US states. The findings also document that the evidence of convergence is possibly due to the convergence of personal disposable income across the US states. |
Keywords | Health care expenditures Convergence; Sequential panel selection methodology; Fourier function; Unit root tests |
Year | 2016 |
Journal | Social Indicators Research |
Publisher | Springer |
ISSN | 0303-8300 |
1573-0921 | |
Digital Object Identifier (DOI) | https://doi.org/10.1007/s11205-016-13577 |
Web address (URL) | http://hdl.handle.net/10545/623304 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623304 | |
Publication dates | 12 May 2016 |
Publication process dates | |
Deposited | 16 Jan 2019, 11:33 |
Accepted | 12 May 2016 |
Contributors | University of Piraeus, Feng Chia University and University of Pretoria |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/9244q/convergence-of-health-care-expenditures-across-the-us-states-a-reconsideration
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