Research Article Open Access

Health Expenditures and Gross Domestic Product An Empirical Analysis for Member-Countries of European Union with Cointegration Analysis

Nikolaos Dritsakis

Abstract

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.

Journal of Social Sciences
Volume 1 No. 2, 2005, 66-71

DOI: https://doi.org/10.3844/jssp.2005.66.71

Submitted On: 1 June 2005 Published On: 30 June 2005

How to Cite: Dritsakis, N. (2005). Health Expenditures and Gross Domestic Product An Empirical Analysis for Member-Countries of European Union with Cointegration Analysis. Journal of Social Sciences, 1(2), 66-71. https://doi.org/10.3844/jssp.2005.66.71

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Keywords

  • Health expenditures
  • gross domestic produts
  • european union
  • cointergation