Convergence of health care expenditures across the US states : a reconsideration

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dc.contributor.author Apergis, Nicholas
dc.contributor.author Chang, Tsangyao
dc.contributor.author Christou, Christina
dc.contributor.author Gupta, Rangan
dc.date.accessioned 2016-06-23T06:39:25Z
dc.date.issued 2016-05
dc.description.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 revise this issue using 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, as indicated by a sequential panel selection method. In addition, the findings also document that the evidence of convergence in health care expenditures is possibly due to the convergence of personal disposable income across the US states. These results are expected to have important policy implications for the US health care market. en_ZA
dc.description.department Economics en_ZA
dc.description.embargo 2017-05-31
dc.description.librarian hb2016 en_ZA
dc.description.uri http://link.springer.com/journal/11205 en_ZA
dc.identifier.citation Apergis, N, Chang, T, Christou, C & Gupta, R 2016, 'Convergence of health care expenditures across the US states : a reconsideration', Social Indicators Research, NYP en_ZA
dc.identifier.issn 0303-8300 (print)
dc.identifier.issn 1573-0921 (online)
dc.identifier.other 10.1007/s11205-016-1357-7
dc.identifier.uri http://hdl.handle.net/2263/53367
dc.language.iso en en_ZA
dc.publisher Springer en_ZA
dc.rights © Springer Science+Business Media Dordrecht 2016. The original publication is available at http://link.springer.com/journal/11205. en_ZA
dc.subject Health care expenditures en_ZA
dc.subject Convergence en_ZA
dc.subject Unit root tests en_ZA
dc.subject Fourier function en_ZA
dc.subject Sequential panel selection methodology en_ZA
dc.title Convergence of health care expenditures across the US states : a reconsideration en_ZA
dc.type Postprint Article en_ZA


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