Query Result Set
Skip Navigation Links
   ActiveUsers:584Hits:21071082Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

  Hide Options
Sort Order Items / Page
MULTI-RESOLUTION ANALYSIS (1) answer(s).
 
SrlItem
1
ID:   162549


Does Health Spending Crowd out Defense in the United States? evidence from Wavelet Multiresolution Analysis / Chen, Wen-Yi   Journal Article
Chen, Wen-Yi Journal Article
0 Rating(s) & 0 Review(s)
Summary/Abstract This study investigates the association between defense and health spending using multi-resolution analysis incorporating the structural change model. Our empirical results suggested that a negative correlation between defense and health spending persists over the entire period of 1941–2013 in the very long-run (over 16 years cycle), but there is a change in correlation between defense and health spending in the short-run (2–4 years cycle), medium-run (4–8 years cycle), and long-run (8–16 years cycle) during the same period. In particular, there appears to have been a trade-off relationship between defense and health spending during the ex-Korean War period, but there was a complementary relationship between defense and health spending during the post-Korean War period. The crowding-out effect of health spending on defense spending during the period when the Affordable Care Act was put into effect relies on the strength of the positive correlation in the long-run (8–16 years cycle) and negative correlation in the short-run (2–4 years cycle) and very long-run (over 16 years cycle).
        Export Export