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

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

Tekijät: Arshia Amiri, Bruno Ventelou

Kustantaja: Economics Letters

Julkaisuvuosi: 2012

Vuosikerta: 116

Numero: 3

Aloitussivu: 541

Lopetussivu: 544

eISSN: 0165-1765

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

Tiivistelmä

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.