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Pesaran, M.H. and Shin, Y. (1999) An Autoregressive Distributed Lag Modeling Approach to Cointegration Analysis. In: Strom, S., Ed., Econometrics and Economic Theory in the 20th Century, Chapter 11, The Ragnar Frisch Centennial Symposium, Cambridge University Press, Cambridge.

has been cited by the following article:

• TITLE: Dynamics of Health Expenditures in OECD Countries: Panel ARDL Approach

  AUTHORS: İbrahim Doğan, Nadide Sevil Tülüce, Aydan Doğan

  KEYWORDS: Health Expenditure, Panel ARDL, Economic Growth

  JOURNAL NAME: Theoretical Economics Letters, Vol.4 No.8, October 14, 2014

  ABSTRACT: This study used a panel data set, which is including 15 OECD countries that have high income per capita for the time period of 1995-2011. Following causality and autoregressive distributed lag (ARDL), paper yields: 1) respectively the largest and the smallest impacts on health expenditures are caused by public spending and the influences of Age Dependency Ratio Young (ADRY); 2) income and Age Dependency Ratio Old (ADRO) on health expenditures are positive; 3) another striking inference is that while young working population rate is increasing, health expenditure is decreasing.