This paper investigates the existence of nonlinearities in the relationship between financial development and income inequality, using the Instrumental Variable Threshold Regression (IVTR) introduced by Caner and Hansen (2004). It is shown, based on cross-sectional data of 60 developed and...

In this paper, we investigate the potential threshold effects in the relationship between national expenditures on health care and national income. Using a panel threshold regression model, we derive country-specific and time-specific income elasticities for 17 OECD countries over the period...

The paper examines the relationship between health and economic growth using a dynamic panel with threshold effect and endogeneity. The study uses a sample of 136 countries over the period of 1965-2015 and the results indicate that the relationship between health and economic growth is...