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首页> 外文期刊>International Advances in Economic Research >A Time-Series Investigation of the U.S. Real Health Expenditure: Evidence from Nonlinear Unit Root Tests
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A Time-Series Investigation of the U.S. Real Health Expenditure: Evidence from Nonlinear Unit Root Tests

机译:美国实际医疗保健支出的时间序列调查:来自非线性单位根检验的证据

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摘要

This paper contributes to the literature on health expenditure studies by applying the non-linear unit root tests formulated recently by Kapetanios et al. (Journal of Econometrics 112(2):359-79, 2003) to empirically test whether the U.S. real health expenditure time-series are non-stationary or non-linear and globally stationary during a relatively long period from 1965 to 2009. For comparison purposes, it also reports the results of a battery of traditional linear unit root tests and the Lee and Strazicich's minimum LM unit root (Review of Economics and Statistics 85(4): 1082-1089, 2003) test for structural breaks. The empirical findings of the paper show that in the United States during the period under investigation, the real health expenditure time-series are non-stationary in levels. Policy implications of the empirical findings are discussed.
机译:本文通过应用Kapetanios等人最近制定的非线性单位根检验,为有关健康支出研究的文献做出了贡献。 (Journal of Econometrics 112(2):359-79,2003)进行实证检验,在1965年至2009年的较长时期内,美国实际卫生支出时间序列是非平稳的还是非线性的,并且在全球范围内是平稳的。目的,它还报告了一系列传统线性单位根检验的结果,以及Lee和Strazicich的最小LM单位根检验(经济与统计评论85(4):1082-1​​089,2003年),用于结构破坏测试。该论文的经验发现表明,在美国调查期间,实际的健康支出时间序列在水平上不是平稳的。讨论了经验发现的政策含义。

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