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The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia

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Main Authors: Tunku Salha, Tunku Ahmad, O'Neill, Ciaran, Prof., Rowan, Neil J
Other Authors: salha@unimap.edu.my
Format: Article
Language:English
Published: Asian Economic and Social Society 2013
Subjects:
Malaysia
Diabetes
Medical services expenditure
Economic growth
Cointegration and error correction modeling
Online Access:http://dspace.unimap.edu.my/xmlui/handle/123456789/27200
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spelling my.unimap-272002013-07-31T01:38:05Z The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia Tunku Salha, Tunku Ahmad O'Neill, Ciaran, Prof. Rowan, Neil J salha@unimap.edu.my ei.yawlagiun@llieno.naraic Malaysia Diabetes Medical services expenditure Economic growth Cointegration and error correction modeling Link to publisher's homepage at http://www.aessweb.com/ This paper reports on a frontier study undertaken to examine the influence of mortality rates due to diabetes (DBT) and medical services expenditure (EXP) on economic growth (RGDPP) in Malaysia. The results of the Johansen test for cointegration allowed the acceptance of r = 2 as our estimate of the number of cointegrating equations among the three of variables. The negative sign of the residual in the estimated Error Correction Modelling (ECM) indicated the existence of a long-run equilibrium relationship among RGDPP, EXP and DBT, while the coefficient for error term implied that the system corrected its previous period disequilibrium due to positive or negative shocks in one period at an adjustment speed of 9.23 percent annually. These findings have substantive implications on the efforts to promote and achieve satisfactory health and wellness in Malaysia, and highlight a critical need for an effective long-term national strategy to resolve diabetes related economic issues. The results provide a useful foundation for a much needed national debate to review health-care spending in relation to choosing the best methods in reducing and alleviating diabetes and other chronic diseases such as cancer and cardiovascular disease. Additional priority areas that merit further study are highlighted to help in measuring and addressing the economic, human, and social costs of preventable chronic diseases and to identify opportunities to ameliorate these important aspects within the economy 2013-07-31T01:38:05Z 2013-07-31T01:38:05Z 2013-06 Article Journal of Asian Scientific Research, vol. 3(6), 2013, pages 644-653 2226-5724 (P) 2223-1331 (O) http://www.aessweb.com/archives.php?m=June2013&id=5003 http://hdl.handle.net/123456789/27200 en Asian Economic and Social Society
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Malaysia
Diabetes
Medical services expenditure
Economic growth
Cointegration and error correction modeling
spellingShingle Malaysia
Diabetes
Medical services expenditure
Economic growth
Cointegration and error correction modeling
Tunku Salha, Tunku Ahmad
O'Neill, Ciaran, Prof.
Rowan, Neil J
The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
description Link to publisher's homepage at http://www.aessweb.com/
author2 salha@unimap.edu.my
author_facet salha@unimap.edu.my
Tunku Salha, Tunku Ahmad
O'Neill, Ciaran, Prof.
Rowan, Neil J
format Article
author Tunku Salha, Tunku Ahmad
O'Neill, Ciaran, Prof.
Rowan, Neil J
author_sort Tunku Salha, Tunku Ahmad
title The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
title_short The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
title_full The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
title_fullStr The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
title_full_unstemmed The use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in Malaysia
title_sort use of cointegration and error correction modelling to investigate the influence of diabetes and associated medical services expenditure on economic growth in malaysia
publisher Asian Economic and Social Society
publishDate 2013
url http://dspace.unimap.edu.my/xmlui/handle/123456789/27200
_version_ 1643795196248326144
score 13.160551

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