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has been cited by the following article:

• TITLE: Dynamic Linkages between Health and Wealth in the European Union

  AUTHORS: George Konteos, Constantinos Katrakilidis, Kyriaki Sotiriadou

  KEYWORDS: Infant Mortality Rate, Income, Panel Data Analysis

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.4, March 8, 2018

  ABSTRACT: The relationship of health and wealth has been for long the subject of academic research as well as a hot policy issue. In this paper we examine this relationship using data on infant mortality rate and real GDP per capita for the 28 European Union countries over the period 1960-2012. The long-run and short run dynamics of the relationship are examined through panel co-integration tests, error correction models and Granger causality tests. The empirical analysis reveals the existence of a long-run negative relationship between GDP and infant mortality. In the short-run there are bidirectional causal effects between the two variables. In summary, the two variables affect each other in a spiral way.