Pharmaceutical consumption, economic growth and life expectancy in the OECD: the application of a new causal direction from dependency algorithm and a DeepNet process
Cosimo Magazzino,
Monica Auteri,
Nicolas Schneider
et al.
Abstract:PurposeThe objective of this study is to reevaluate the correlation among pharmaceutical consumption, per capita income, and life expectancy across different age groups (at birth, middle age, and advanced age) within the OECD countries between 1998 and 2018.Design/methodology/approachWe employ a two-step methodology, utilizing two independent approaches. Firstly, we con-duct the Dumitrescu-Hurlin pairwise panel causality test, followed by Machine Learning (ML) experiments employing the Causal Direction from De… Show more
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