Table 1.
Estimation results of the Health Production Model with Life expectancy and Infant Mortality
| Variables | Coefficient Estimates Dependent Variable- Log Health |
|
|---|---|---|
| Life Expectancy | Infant Mortality | |
| lnHEALTHt−1 | 0.854*** (0.0308) | 0.850*** (0.0363) |
| ln GDP per capita | 0.045** (0.0202) | 0.032 (0.0293) |
| ln Food Production index | -0.001 (0.0103) | -0.021 (0.0158) |
| ln Health expenditure | 0.013*** (0.0025) | -0.007* (0. 0039) |
| Political Institutional Quality Index | 0.001 (0.0196) | -0.035 (0.0239) |
| HIV prevalence | -0.004*** (0.0012) | -0.001 (0.0042) |
| Healthcare Access Quality Index | -0.002* (0.0009) | -0.004** (0.0020) |
| Average Years of Schooling | 0.009* (0.0052) | -0.037*** (0.0117) |
| Urban Population growth | 0.002** (0. 0008) | -0.013 (0.0140) |
| Access to Clean Water Source | 0.0001 (0.0004) | -0.001 (0.0007) |
| Alcohol Consumption | 0.0005* (0.0003) | 0.001*** (0.0003) |
| Time Dummies | Yes | Yes |
| First Order Serial Correlation | 2.08 (0.038) | - 0.71 (0.471) |
| Second Order Serial Correlation | 1.93 (0.053) | -0.88 (0.377) |
| Sargan Test | 12.59 (1.000) | 17.15 (1.000) |
| Wald Test | 1.29e+06 | 296540.35 |
| Number of Obs. | 520 | 491 |
| Number of Instruments | 99 | 87 |
Note; * p < 0.1, **p < 0.05 and ***p < 0.01, Standard Errors in Parentheses for Coefficients: P-values in parentheses for Sargan test and Serial correlation tests
Life Expectancy – Health stock is measured by Life expectancy
Infant Mortality – Health stock is measured by Infant Mortality