Narayan, Paresh Kumar; Narayan, Seema; Smyth, Russell - In: Applied Economics 43 (2011) 25, pp. 3631-3643
This article examines whether real Health-care Expenditure (HE) is a luxury or necessity for Organization for Economic Co-operation and Development (OECD) countries over the period 1972 to 2004 within a panel unit root and panel cointegration framework. To realize this objective, we regress HE...