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Eugene Kouassi, Gnoudentiho G Silue, Oluyele Akinkugbe and Jean Marcelin B Brou
''Health expenditures and Income with Nonstationary Panel Data: Evidence from ECOWAS Member Countries''
( 2017, Vol. 37 No.3 )
Using non-stationary panel data techniques and controlling for cross-section dependencies and heterogeneities, the relationship between income and health care expenditure is revisited for the ECOWAS regional bloc in this paper. Our results confirm the existence of long run relationship between health care spending and the per capita Gross Domestic Product (GDP). In addition, country-level analyses show some common features, especially for non-observable factors. The income elasticity of health care expenditure derived from panel data estimation technique confirms the popular demand by citizens and the international community, for more investment on health care services in the ECOWAS sub-region.
Keywords: Non stationary panel data, cross-section dependence, health expenditure, (spatial) cointegration, income elasticity, ECOWAS.
JEL: C3 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
H5 - National Government Expenditures and Related Policies National Government Expenditures and Related Policies: General
Manuscript Received : Jan 15 2017 Manuscript Accepted : Sep 27 2017

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