Population age structure and consumption expenditure composition: Evidence from European countries

Determinants of Healthcare Expenditure in Economic Cooperation Organization (ECO) Countries: Evidence from Panel Cointegration Tests

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...

Energy Consumption Structure and Development in European Transition Countries

The structure and development of energy consumption in European transition countries, i.e., 11 former socialistic republics including Croatia, which are now new EU members, are considered. For the last twenty years, transition countries have been in the processes of changing their social, economic and political structures with considerable influence on the energy sector. In these former sociali...

Understanding Consumption Smoothing: Evidence from the US Consumer Expenditure Data∗

Consumption models with endogenous debt constraints differ from standard incomplete markets models in their predictions about an individual household’s ability to smooth consumption across time and states of the world. In this paper we develop these differences, both theoretically and quantitatively. We then use data from the US Consumer Expenditure Survey (CE) to assess along which dimensions ...

Evidence From 23 European and North American Countries

Currency ::union:: and Bilateral Trade: Evidence from OIC Countries

In recent years, there has been an increasing interest in currency :union:s internationally. The formation of currency :union: in Organization of Islamic Cooperation (OIC) has drawn much attention of Islamic countries. This paper aims to investigate the effect of currency :union: formation for trade among 49 Islamic countries over the period 1990-2012 by OCA and Augmented Gravity Model (AGM). T...