Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?

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  • Additional Information
    • Subject Terms:
    • Author-Supplied Keywords:
      GDP per capita
      public health expenditure
      superexogeneity
    • NAICS/Industry Codes:
      525120 Health and Welfare Funds
    • Abstract:
      This study re-examined the public health expenditure and GDP per capita nexus, applying the super exogeneity test developed by Engle and Hendry (1993). We utilised time series annual data for Malaysia from 1970 to 2013, during which the country had witnessed a noticeable increase in Gross Domestic Product and various regime shifts, namely, the “Malaysian Incorporated” policy in 1983, Asian financial crisis in 1998 and the Global financial crisis in 2008. The results of super exogeneity test show that public health expenditure is weakly exogenous and in variance to the policy shifts that have taken place, and therefore it is super exogenous for the parameters of the estimated model. In other words, health expenditure from the public source of financing promotes GDP per capita improvement and Lucas critique does not hold in the case of Malaysia. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of Malaysian Journal of Economic Studies is the property of Malaysian Economic Association & Faculty of Economics & Administration, University of Malay and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
    • Author Affiliations:
      1Department of Economics, Universiti Putra Malaysia, 43400 UPM, Serdang, Selangor, Malaysia.
      2Department of Economics, Faculty of Social and Management Sciences, Kaduna State University, 2339 Tafawa Balewa Way, Kaduna, Nigeria.
    • ISSN:
      1511-4554
    • Accession Number:
      120354360
  • Citations
    • ABNT:
      SIRAG, A. et al. Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply? Malaysian Journal of Economic Studies, [s. l.], v. 53, n. 2, p. 211–226, 2016. Disponível em: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912. Acesso em: 27 jan. 2020.
    • AMA:
      Sirag A, Nor NM, Adamu P, Kher Thinng WB. Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply? Malaysian Journal of Economic Studies. 2016;53(2):211-226. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912. Accessed January 27, 2020.
    • APA:
      Sirag, A., Nor, N. M., Adamu, P., & Kher Thinng, W. B. (2016). Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply? Malaysian Journal of Economic Studies, 53(2), 211–226. Retrieved from http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912
    • Chicago/Turabian: Author-Date:
      Sirag, Abdalla, Norashidah Mohamed Nor, Peter Adamu, and Wency Bui Kher Thinng. 2016. “Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?” Malaysian Journal of Economic Studies 53 (2): 211–26. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912.
    • Harvard:
      Sirag, A. et al. (2016) ‘Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?’, Malaysian Journal of Economic Studies, 53(2), pp. 211–226. Available at: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912 (Accessed: 27 January 2020).
    • Harvard: Australian:
      Sirag, A, Nor, NM, Adamu, P & Kher Thinng, WB 2016, ‘Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?’, Malaysian Journal of Economic Studies, vol. 53, no. 2, pp. 211–226, viewed 27 January 2020, .
    • MLA:
      Sirag, Abdalla, et al. “Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?” Malaysian Journal of Economic Studies, vol. 53, no. 2, Dec. 2016, pp. 211–226. EBSCOhost, widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912.
    • Chicago/Turabian: Humanities:
      Sirag, Abdalla, Norashidah Mohamed Nor, Peter Adamu, and Wency Bui Kher Thinng. “Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply?” Malaysian Journal of Economic Studies 53, no. 2 (December 2016): 211–26. http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912.
    • Vancouver/ICMJE:
      Sirag A, Nor NM, Adamu P, Kher Thinng WB. Public Health Spending and GDP per Capita in Malaysia: Does the Lucas Critique Apply? Malaysian Journal of Economic Studies [Internet]. 2016 Dec [cited 2020 Jan 27];53(2):211–26. Available from: http://widgets.ebscohost.com/prod/customlink/proxify/proxify.php?count=1&encode=0&proxy=&find_1=&replace_1=&target=http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bth&AN=120354360&authtype=sso&custid=s5834912