We show that political uncertainty influences corporate investment at the Australian state-level. More specifically, we find that the political party that holds power and replacement of the State Premier are the most important and robust determinants of corporate investment. We also show that...

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...