Do health expenditures catch-up? Evidence from OECD countries
Health Economics
Narayan, P.K., et al. - In this paper, we examine the catch-up hypothesis, that is, whether or not per capita health expenditures of the UK, Canada, Japan, Switzerland, and Spain converge to the per capita health expenditures of the USA over the period 1960-2000. We propose a framework to examine convergence of health expenditures and use recent developments in unit root testing, namely the Lagrange multiplier univariate and panel approaches that allow for at most two structural breaks
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