Are Healthcare Expenditures Related to Economic Growth in China? Bootstrap ARDL Approach
This study attempts to investigate whether healthcare expenditures (HCE) are related to economic growth in China using a newly developed Bootstrap autoregressive distributed lag (ARDL) test for China over the period of 1990-2019. To avoid omitted variable bias, we use the ratio of the population of...
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| Main Authors: | , , |
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| Format: | Book |
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Frontiers Media S.A.,
2022-02-01T00:00:00Z.
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| Summary: | This study attempts to investigate whether healthcare expenditures (HCE) are related to economic growth in China using a newly developed Bootstrap autoregressive distributed lag (ARDL) test for China over the period of 1990-2019. To avoid omitted variable bias, we use the ratio of the population of 65 years old over the total population (aging ratio) as a control variable. Empirical result indicates that no cointegration among these three variables. Granger causality test based on Bootstrap ARDL model demonstrates that one-way Granger causality running from HCE to aging ratio and from economic growth to both HCE and aging ratio. Empirical results have important policy implications for China understudy |
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| Item Description: | 2296-2565 10.3389/fpubh.2021.766091 |