Table 2. Calculated Elasticities based on a Fixed-effects regression with clustered errors, Dependent variable: index of hospital quality (IHQ).
| Eq.(1) Avg. citations (1) | Eq. (2) H-index (1) | ||
|---|---|---|---|
| Avg. publications | 0.082 | Avg. publications | -0.077 |
| (0.080) | (0.060) | ||
| Avg. publications*cardiology | 0.053*** | Avg. publications*cardiology | 0.060** |
| (0.016) | (0.016) | ||
| Avg. publications*oncology | 0.092** | Avg. publications*oncology | 0.120** |
| (0.037) | (0.033) | ||
| Avg. Citations | 0.158*** | H-index | 0.325*** |
| (0.016) | (0.016) | ||
| Avg. Citations*cardiology | 0.020** | H-index*cardiology | -0.064*** |
| (0.007) | (0.013) | ||
| Avg. Citations*oncology | 0.001 | H-index*oncology | -0.032*** |
| (0.023) | (0.008) | ||
| For-profit | -0.059** | -0.059*** | |
| (0.030) | (0.018) | ||
| Staffed beds | -0.013 | -0.036 | |
| (0.060) | (0.048) | ||
| Length of stay | 0.650*** | 0.643** | |
| (0.191) | (0.194) | ||
| Median income | -0.178 | -0.149 | |
| (0.130) | (0.113) | ||
| Median age | -0.033 | -0.128*** | |
| (0.235) | (0.216) | ||
| Physicians | 0.199* | 0.207** | |
| (0.118) | (0.101) | ||
| Net income/loss per physician | 0.147** | 0.137*** | |
| (0.034) | (0.028) | ||
| N = 145 | R2 = 0.631 | N = 145 | R2 = 0.637 |
Analyses were conducted in STATA version 13.1, Elasticities are calculated at means.
(1) Delta Method standard errors in parentheses
* p < 0.10
** p < 0.05
*** p<0.001