Table 4. Results of estimating for fixed effects (short run relationship) and CUP-FM (long run relationship) between health expenditures and its determinant): ECO countries (1995-2009) .
Variable | Results for short run relationship | Results for long run relationship | ||
Coefficient | t-statistics | Coefficient | t-statistics | |
LGDP | 0.4621088 | 5.93 | 0.82664109 | 8.1421250 |
Lage1 | -1.930727 | -5.44 | -0.93326583 | -3.1899887 |
Lage6 | -0.1802784 | -0.54 | -0.62134712 | -2.1233781 |
Ldoc | 0.5070991 | 4.38 | 0.20486076 | 2.4313799 |
Lpvt | -1.242724 | -10.33 | -1.0816367 | -13.050838 |
Lurb | -1.694937 | -2.86 | 0.74211240 | 1.8407018 |
Constant variable | 18.37112 | 5.19 | - | - |