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On the Chinese' health expenditure: from Toda-Yamamoto to machine learning approach

机译:论中国的健康支出:从Toda-Yamamoto到机器学习方法

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摘要

This study aims to demonstrate, through an econometric and Machine Learning approach, the health expenditure-economic growth nexus in China over the period 1980-2017. Describing the situation of the Chinese health system through the economic literature, we apply different econometric tests. The Toda and Yamamoto approach is crucial in our analysis: It highlights the existence of a bidirectional causal flow, running from health expenditure renew to GDP per capita and vice versa. This scenario respects the economic growth theory and hypothesis. Finally, in order to validate our results, as required by scientific models, we chose to test the econometric results obtained through a D2C algorithm in Machine Learning. At present, there is no evidence of other studies using this kind of approach in order to explain the health expenditure-economic growth nexus in China over this period.
机译:本研究旨在通过经济学和机器学习方法展示,在1980年至2017年中国的健康支出经济增长Nexus。通过经济文献描述中国卫生系统的情况,我们应用了不同的计量经济学测试。 TODA和Yamamoto方法在我们的分析中至关重要:它突出了双向因果流量的存在,从健康支出续期到人均GDP,反之亦然。这种情况尊重经济增长理论和假设。最后,为了验证我们的结果,根据科学模型的要求,我们选择通过机器学习中通过D2C算法获得的计量经济结果。目前,没有证据表明其他研究使用这种方法,以便在此期间解释中国的健康支出经济增长Nexus。

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