Health Expenditures and Gross Domestic Product An Empirical Analysis for Member-Countries of European Union with Cointegration Analysis
DOI : 10.3844/jssp.2005.66.71
Journal of Social Sciences
Volume 1, Issue 2
This study investigates the relationship between health expenditures and GDP for 15 member - countries of European Union. Initially, the unit root test is examined for all used variables and then the Engel - Granger and Johansen and Juselious cointegration tests are applied. In order to examine the short - run and long - run relationships of the above variables an error correction model methodology is used. The results of this analysis suggest that there is a long - run relationship between health expenditures and GDP in most member-countries of European Union.
© 2005 Nikolaos Dritsakis. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.