Ray, Devdatta; Linden, Mikael - In: Journal of Economic Structures 7 (2018) 22, pp. 1-28
A simultaneous three-equation model is specified between GDP per capita (GDPc) level, infant mortality rate and health expenditures for 194 countries from 1990 to 2014. GMM-2SLS estimation results indicate that simultaneous decreasing infant mortality rate and increasing GDPc level effects are...
