Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach - UTU Research Portal

A1 Refereed original research article in a scientific journal

Granger causality between total expenditure on health and GDP in OECD: Evidence from the Toda–Yamamoto approach

Authors: Arshia Amiri, Bruno Ventelou

Publisher: Economics Letters

Publication year: 2012

Volume: 116

Issue: 3

First page : 541

Last page: 544

eISSN: 0165-1765

DOI: https://doi.org/https://doi.org/10.1016/j.econlet.2012.04.040

Abstract

In this paper, a modified version of the Granger causality test proposed by Toda and Yamamoto is used to investigate causality between GDP and healthcare expenditure in OECD countries. The findings indicate that bidirectional Granger causality is predominant.