Background Over the last decade there has been an increase in healthcare expenditures while at the same time the inequity in distribution of resources has grown. These two issues have urged the researchers to review the determinants of healthcare expenditures. In this study, we surveyed the determinants of health expenditures in Economic Cooperation Organization (ECO) countries.   Methods We us...

This paper analyses the process of convergence across the regions of Russia using spatial econometrics tools in addition to the traditional β -convergence techniques as derived from the neoclassical theoretical setting. The spatial component appears to be non-negligible and, consequently, conventional convergence estimates suffer a bias due to spatial dependence across observations. Furthermore...

This paper sets up a nested random effects spatial autoregressive panel data model to explain annual house price variation for 2000-2007 across 353 local authority districts in England. The estimation problem posed is how to allow for the endogeneity of the spatial lag variable producing the simultaneous spatial spillover of prices across districts together with the nested random effects in a p...

By using nonparametric and panel data econometrics, this paper re-assesses the effect of both the current level of economic activity and of future expected demand on the dynamics of the price mark-up over marginal cost in US manufacturing industries from 1958 to 1996. Consistently with previous results, the current level of economic activity has a negative impact on the mark-up and expectations...

This paper introduces and tests for the endogeneity of job tenure and number of jobs in the wage equation using panel data uniquely suited for that purpose – the National Longitudinal Survey of Youth (NLSY). The model is multi-level in that there is wage dynamics – random intercept, random growth path and autocorrelated transitory variation – at the person-career level and at the job-specific l...

In this paper we estimate different specifications of a model for the determination of the bilateral real exchange rate of the peseta relative to nine European Union members. The model is based on Meese and Rogoff (The Journal of Finance 43 (1988) 933) monetary approach as extended by MacDonald (Journal of International Financial Markets, Institutions and Money 8 (1998) 117). The applied econom...

In this paper, we look at the empirical connections between crime and education, using various data sources from Britain. As with Lochner and Moretti’s (2004) US work, we recognise explicitly the need to ensure that the direction of causation flows from education to crime. Therefore, we identify the effect of education on participation in criminal activity using changes in compulsory school lea...