This paper investigates the link between health care expenditures and GDP for a sample of 21 OECD countries using recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that health care expenditures are not only determined by income....

Institut für Wirtschaftsforschung Halle Halle Institute for Economic Research Das Institut für Wirtschaftsforschung Halle ist Mitglied der Leibniz-Gemeinschaft Panel Seasonal Unit Root Test With An Application for Unemployment Data Christian Dreger Hans-Eggert Reimers Juli 2004 Nr....

This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...

We investigate the long run relationship between private consumption, disposable income and wealth approximated by equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in their common components. The impact of house prices...