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Financing health care expenditure in the OECD countries : evidence from a heter...
Mello-Sampayo, Felipa de; Vale, Sofia de SousaThis paper analyses the relationship between health expenditure and the way it is financed using a panel of 30 OECD countries observed since the 1990s. In particular, the nonstationarity and cointegration properties between health care spending and its sources of funding, income and non-income variables are studied. This is performed in a panel data context controlling for both cross-section dependence and unob...
Tourism and growth in european countries : an application of likelihood-based p...
Mello-Sampayo, Felipa de; Sousa-Vale, Sofia deThis paper applies likelihood-based panel cointegration techniques to examine the exis- tence of a long run relationship between GDP, tourism earnings per tourist and total trade volume for a panel of European countries over the period 1988{2010. Removing the cross dependency, our panel tourism-led growth model indicates that tourism development has a higher impact on GDP in the North than in South European cou...
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