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Principal Component Analysis - Points of Association Between Cancer and Economic Development

Author

Listed:
  • Ilona Székely Kovácsné

    (Budapest Business School, FCHT, Department of Methodology for Business Analysis)

  • Éva Fenyvesi

    (Budapest Business School, FCHT, Department of Economics and Business Studies)

  • Tibor Pintér

    (Budapest Business School, FCHT, Department of Economics and Business Studies)

Abstract

Various theories have been put forward on the demographic and health effects and consequences of socioeconomic development. In this study, we used the theoretical findings of the epidemiologic transition as a starting point to examine the 2020 values of the three main cancer indicators (incidence, mortality, prevalence). These values were compared with socioeconomic development variables for 170 countries. The countries were grouped using hierarchical clustering, and linear discriminant analysis was used to evaluate how appropriate the clustering was. Principal component analysis was used to examine, by group, which parameters are significant in each principal component and what background factors underlie the data. The results seem to confirm the association between cancer and socioeconomic background.

Suggested Citation

  • Ilona Székely Kovácsné & Éva Fenyvesi & Tibor Pintér, 2023. "Principal Component Analysis - Points of Association Between Cancer and Economic Development," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 15(2), pages 91-130, June.
    • Handle: RePEc:psc:journl:v:15:y:2023:i:2:p:91-130
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    References listed on IDEAS

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    More about this item

    Keywords

    standard of living; economic development; incidence; mortality; prevalence;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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