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

dc.contributor.authorApergis, Nicholas
dc.contributor.authorChang, Tsangyao
dc.contributor.authorChristou, Christina
dc.contributor.authorGupta, Rangan
dc.contributor.emailrangan.gupta@up.ac.zaen_ZA
dc.date.accessioned2016-06-23T06:39:25Z
dc.date.issued2016-05
dc.description.abstractCurrent 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.departmentEconomicsen_ZA
dc.description.embargo2017-05-31
dc.description.librarianhb2016en_ZA
dc.description.urihttp://link.springer.com/journal/11205en_ZA
dc.identifier.citationApergis, N, Chang, T, Christou, C & Gupta, R 2016, 'Convergence of health care expenditures across the US states : a reconsideration', Social Indicators Research, NYPen_ZA
dc.identifier.issn0303-8300 (print)
dc.identifier.issn1573-0921 (online)
dc.identifier.other10.1007/s11205-016-1357-7
dc.identifier.urihttp://hdl.handle.net/2263/53367
dc.language.isoenen_ZA
dc.publisherSpringeren_ZA
dc.rights© Springer Science+Business Media Dordrecht 2016. The original publication is available at http://link.springer.com/journal/11205.en_ZA
dc.subjectHealth care expendituresen_ZA
dc.subjectConvergenceen_ZA
dc.subjectUnit root testsen_ZA
dc.subjectFourier functionen_ZA
dc.subjectSequential panel selection methodologyen_ZA
dc.titleConvergence of health care expenditures across the US states : a reconsiderationen_ZA
dc.typePostprint Articleen_ZA

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