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Predictive Models Of Health Expenditure Via Regularization: Do Low And Upper Middle Income Economies Share Common Predictors?, Faustine Williams, Emmanuel Thompson
Predictive Models Of Health Expenditure Via Regularization: Do Low And Upper Middle Income Economies Share Common Predictors?, Faustine Williams, Emmanuel Thompson
Faustine Williams
Countries around the world are presently confronted with gargantuan health care challenges and huge variability in health spending. In the literature, income has been recognized as a crucial predictor of health expenditure. However, there is no agreement on which other variables may be connected to the remaining largely unexplained variation in health expenditure. Therefore, the aim of the present study was to investigate the link between health expenditure and some important predictors among low-income and lower middle-income economies. Regularized regression methods including the Lasso and the Elastic net, and the 2013 World Bank data were used to identify key predictors …