Is health capital formation good for long-term economic growth? – Panel Granger-causality evidence for OECD countries

Hartwig, Jochen

doi:10.1016/j.jmacro.2009.06.003

Cited by 130 publications

(81 citation statements)

References 50 publications

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“…Outra forma para dar robustez aos nossos resultados é apresentada na Tabela 7, que mostra a escolha de defasagens com base em um critério mais formal, neste caso o de Schwarz que também é utilizado em Hartwig (2010). Pode ser observado que as conclusões da direção da causalidade encontradas anteriormente não são modificadas.…”

Section: Análise Dos Resultados Dos Testes De Causalidadeunclassified

Causalidade entre renda e saúde: uma análise através da abordagem de dados em painel com os estados do Brasil

Santos

Jacinto

Tejada³

2012

Estud. Econ.

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Este trabalho tem o objetivo de analisar a relação de causalidade entre renda e saúde, buscando controlar as potenciais diferenças dessa relação ao longo do território brasileiro. Para tanto, três testes de causalidade de Granger para dados em painel, propostos respectivamente por Holtz-Eakin et al. (1988), Granger e Huang (1997) e Hurlin (2005, 2007), são aplicados para uma base de dados com os estados brasileiros, no períodocompreendido entre 1981-2007. Os principais resultados mostram que as conclusões podem ser enganosas quando são baseadas em testes com uma estrutura homogênea nos parâmetros. E assim, o teste proposto por Hurlin (2005, 2007), que controla os diferentes tipos de heterogeneidade, aponta que, no Brasil, as evidências são mais claras para causalidade no sentido da saúde para a renda.

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Section: Análise Dos Resultados Dos Testes De Causalidadeunclassified

Causalidade entre renda e saúde: uma análise através da abordagem de dados em painel com os estados do Brasil

Santos

Jacinto

Tejada³

2012

Estud. Econ.

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“…Further, to determine the optimal lag length, regression (1) is estimated using OLS with the choice of the optimal lag length is based on the Schwarz Information Criterion (SIC). Following Hartwig (2010), the optimal lag length is found to be two periods or ten years.…”

Section: Dynamic Panel Data Estimationmentioning

confidence: 99%

The Impact of Imports and Exports on the Size and Composition of Government Expenditures

Benarroch¹,

Pandey²

2017

IJEF

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This paper examines the casual relationship between greater exposure to international trade and the size and composition of government expenditures, productive versus unproductive. To capture differential impacts on how government responds to greater international exposure three measures are used: the ratio of exports plus imports to GDP (openness), the ratio of exports to GDP, and the ratio imports to GDP. For all countries in aggregate, we find no causal relationship between openness and total government expenditures or productive and unproductive expenditures. For low-income countries however, there is a positive causal relationship between openness and productive government expenditures. Further, there is a positive causal relationship between the import ratio and productive expenditures for all countries as well as for low-and high-income countries separately. Exports, conversely, have no causal relationship with any measure of government expenditures. Our findings suggest that governments in economies with greater imports as a share of GDP increase productive expenditure to counteract the negative consequences from more exposure to foreign competition.

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“…Briefly stated, using the approximation of the Nickell bias derived by Kiviet (1995Kiviet ( , 1999, the LSDVc approach removes the bias from the LSDV estimator to produce bias-corrected LSDV estimates, while exploiting the smaller variance of the LSDV method with 11 The presence of a unit root in the growth rates t x , t lfe or t y would imply explosive behaviour for the levels of these variables, which is completely at odds with economic theory, as well as empirical evidence. 12 For a recent example of the use of this procedure within the panel Granger-causality context, see Hartwig (2010). respect to the alternative DPD estimators. 13 This results in a very efficient procedure, particularly in small panels such as ours, so that we rely on the LSDVc method to carry out the panel Grangercausality tests.…”

Section: Followingmentioning

confidence: 99%

The balance of payments-constrained growth rate and the natural rate of growth: new empirical evidence

Lanzafame

2013

Cambridge Journal of Economics

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This paper implements a panel approach to investigate the empirical relevance of 'Thirlwall's Law', which states that long-run growth must be consistent with balance of payments (BOP) equilibrium and is, thus, determined on the demand side. Building on ARDL modelling, mean-group and pooled mean-group estimation methods, we use annual data over the 1960-2010 years for a panel of 22 OECD countries and find significant support for the 'Law'. Next, we also explore empirically the hypothesis that the BOP-constrained growth rate ( )

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Is health capital formation good for long-term economic growth? – Panel Granger-causality evidence for OECD countries

Cited by 130 publications

References 50 publications

Causalidade entre renda e saúde: uma análise através da abordagem de dados em painel com os estados do Brasil

Causalidade entre renda e saúde: uma análise através da abordagem de dados em painel com os estados do Brasil

The Impact of Imports and Exports on the Size and Composition of Government Expenditures

The balance of payments-constrained growth rate and the natural rate of growth: new empirical evidence

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