Is technology still a major driver of health expenditure in the United States? Evidence from cointegration analysis with multiple structural breaks

2016 ◽  
Vol 17 (1) ◽  
pp. 29-50 ◽  
Author(s):  
Vasudeva N. R. Murthy ◽  
Natalya Ketenci
Keyword(s):  
United States ◽  
Health Expenditure ◽  
Structural Breaks ◽  
The United States ◽  
Cointegration Analysis ◽  
Multiple Structural Breaks

scholarly journals Forecasting House Prices in the United States with Multiple Structural Breaks

2014 ◽  
Vol 6 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Mahua Barari ◽  
Nityananda Sarkar ◽  
Srikanta Kundu ◽  
Kushal Banik Chowdhury
Keyword(s):  
United States ◽  
Structural Breaks ◽  
House Prices ◽  
The United States ◽  
Multiple Structural Breaks

scholarly journals Do Environmental Stringency Policies and Human Development Reduce CO2 Emissions? Evidence from G7 and BRICS Economies

2021 ◽  
Vol 18 (13) ◽  
pp. 6727
Author(s):  
Funda Hatice Sezgin ◽  
Yilmaz Bayar ◽  
Laura Herta ◽  
Marius Dan Gavriletea
Keyword(s):  
United States ◽  
United Kingdom ◽  
Human Development ◽  
Co2 Emissions ◽  
United States Of America ◽  
The United States ◽  
Cointegration Analysis ◽  
Causality Analysis ◽  
The United Kingdom ◽  
The Impact

This study explores the impact of environmental policies and human development on the CO2 emissions for the period of 1995–2015 in the Group of Seven and BRICS economies in the long run through panel cointegration and causality tests. The causality analysis revealed a bilateral causality between environmental stringency policies and CO2 emissions for Germany, Japan, the United Kingdom, and the United States of America, and a unilateral causality from CO2 emissions to the environmental stringency policies for Canada, China, and France. On the other hand, the analysis showed a bilateral causality between human development and CO2 emissions for Germany, Japan, the United Kingdom, and the United States of America, and unilateral causality from CO2 emissions to human development in Brazil, Canada, China, and France. Furthermore, the cointegration analysis indicated that both environmental stringency policies and human development had a decreasing impact on the CO2 emissions.

scholarly journals A cointegration analysis of gasoline demand in the United States

2009 ◽  
Vol 41 (26) ◽  
pp. 3327-3336 ◽  
Author(s):  
Zia Wadud ◽  
Daniel Graham ◽  
Robert Noland
Keyword(s):  
United States ◽  
The United States ◽  
Cointegration Analysis ◽  
Gasoline Demand

scholarly journals Does Economic Policy Uncertainty Affect CO2 Emissions? Empirical Evidence from the United States

2020 ◽  
Vol 12 (21) ◽  
pp. 9108 ◽  
Author(s):  
Qing Wang ◽  
Kefeng Xiao ◽  
Zhou Lu
Keyword(s):  
United States ◽  
Economic Policy ◽  
Co2 Emissions ◽  
Structural Breaks ◽  
Unit Root Test ◽  
The United States ◽  
Policy Uncertainty ◽  
Energy Prices ◽  
Economic Policy Uncertainty ◽  
Long Run

This paper aims to examine the effects of economic policy uncertainty (measured by the World Uncertainty Index—WUI) on the level of CO2 emissions in the United States for the period from 1960 to 2016. For this purpose, we consider the unit root test with structural breaks and the autoregressive-distributed lag (ARDL) model. We find that the per capita income promotes CO2 emissions in the long run. Similarly, the WUI measures are positively associated with CO2 emissions in the long run. Energy prices negatively affect CO2 emissions both in the short run and the long run. Possible implications of climate change are also discussed.

Domestic Exchange Rates and Regional Economic Growth in the United States, 1899–1908: Evidence from Cointegration Analysis

1998 ◽  
Vol 58 (4) ◽  
pp. 1010-1026 ◽  
Author(s):  
Ronnie J. Phillips ◽  
Harvey Cutler
Keyword(s):  
United States ◽  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Federal Reserve ◽  
Growth Rates ◽  
The United States ◽  
Cointegration Analysis ◽  
Regional Economic Growth ◽  
Exchange Rate Fluctuations

This article examines one feature of the pre—Federal Reserve financial system that has not been widely researched: the market for bank drafts (the “domestic exchanges”). Though the exchanges existed for nearly a century, critics argued that exchange rate fluctuations exacerbated financial panics. We find, using cointegration analysis over the period from 1899 to 1908, that differences in growth rates across regions caused predictable movements in rates. We conclude that the exchanges promoted efficiency in the payments system. This supports the view that the private sector might have developed a unified national system had the Fed not abolished the exchanges.

International Transmission of Stock Price Movements among Taiwan and Its Trading Partners: Hong Kong, Japan and the United States

2001 ◽  
Vol 04 (04) ◽  
pp. 379-401 ◽  
Author(s):  
Tsangyao Chang ◽  
Chien-Chung Nieh
Keyword(s):  
United States ◽  
Hong Kong ◽  
Stock Price ◽  
The United States ◽  
Cointegration Analysis ◽  
Causality Test ◽  
Trading Partners ◽  
Price Movements ◽  
The U.S ◽  
Stock Price Movements

This study uses a cointegration analysis and vector autoregressive models to investigate the transmission of stock price movements among Taiwan and its major trading partners, Hong Kong, Japan and the United States. The results of Johansen cointegration test indicate that four stock markets considered are cointegrated with one cointegrating vector, which violates the semi-strong form of the market efficiency hypothesis. The results from Granger-causality test based on error-correction models suggest the relative leading roles of the U.S. and Japanese markets in driving fluctuations in the other two markets. In order to capture the impacts of the economic shocks, two dummy variables are incorporated into the models taking into account the U.S. stock crash of October 1997 (D97) and the previous spreading Asian finance crises (Dac). The results indicate that D97 significantly affects the U.S. stock market, but shows no significant impact on the others. The Dac, however, shows significant impacts on both the Japanese and the U.S. markets. The robustness of the relative leading roles of the U.S. and Japanese markets are further supported by the variance decompositions and impulsive response functions indicators. The Taiwan and Hong Kong markets are somewhat affected more by regional countries such as Japan than by the U.S.

scholarly journals Health expenditure and income in the United States

2010 ◽  
Vol 19 (12) ◽  
pp. 1385-1403 ◽  
Author(s):  
F. Moscone ◽  
E. Tosetti
Keyword(s):  
United States ◽  
Health Expenditure ◽  
The United States

scholarly journals International Mobility of Capital in the United States: Robust Evidence from Time-Series Tests

2016 ◽  
Vol 8 (2) ◽  
Author(s):  
Tarlok Singh
Keyword(s):  
United States ◽  
Structural Breaks ◽  
High Mobility ◽  
The United States ◽  
Single Equation ◽  
Numerical Magnitude ◽  
Domestic Saving ◽  
Slope Parameter ◽  
International Mobility ◽  
Long Run

AbstractThis study examines the relationship between domestic saving and investment and measures the international mobility of capital in the United States. The long-run model, “with” and “without” structural breaks, is estimated using several single-equation and system estimators to assess the robustness of results and take an exhaustive account of the methodological and measurement issues. The results provide dominant support for the long-run relationship between domestic saving and investment. The estimates of the slope parameter on saving above zero and the dominant support for cointegration between saving and investment across estimators vindicate the validity of intertemporal budget constraint and suggest the sustainability of current account deficits. The numerical magnitude of the slope parameter on saving is consistently low across estimators. The results showing the low slope parameter on saving resonate with the observed high mobility of capital. The estimates of the model with structural breaks reinforce the dominant support for the long-run relationship between domestic saving and investment. The inclusion of these structural breaks in the model generally reduces the numerical magnitude of the slope parameter on saving and suggests the high mobility of capital.

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