Determinants of U.S. health expenditure: Evidence from autoregressive distributed lag (ARDL) approach to cointegration

Vasudeva N.R. Murthy
Vasudeva N.R. Murthy

Economic Modelling, pp. 67-73, 2016.

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Abstract:

Using 1960–2012 annual time-series data for modelling, we apply the Autoregressive Distributed Lag Cointegration (ARDL) approach, to identify some major drivers of per capita real U.S. health spending. The ARDL Bounds testing procedure (Pesaran et al., 1999; 2001) has several econometric advantages compared with the standard Johansen and ...More

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