Table 3. 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 | 0.043 | Avg. publications | -0.06* |
| (0.057) | (0.025) | ||
| Avg. publications*cardiology | 0.027** | Avg. publications*cardiology | 0.091*** |
| (0.006) | (0.003) | ||
| Avg. publications*Oncology | 0.107** | Avg. publications*Oncology | 0.109*** |
| (0.034) | (0.022) | ||
| Median Avg. Citations | 0.182*** | Median H-index | 0.205*** |
| (0.027) | (0.046) | ||
| Med. Avg. Citation*cardiology | 0.029* | Med. H-index*cardiology | -0.039*** |
| (0.016) | (0.014) | ||
| Med. Avg. Citations*Oncology | -0.035** | Med. H-index*Oncology | -0.035*** |
| (0.011) | (0.005) | ||
| For-Profit | -0.092** | -0.072*** | |
| (0.031) | (0.022) | ||
| Staffed beds | 0.005 | 0.026 | |
| (0.110) | (0.086) | ||
| Length of stay | 0.898 | 0.751*** | |
| (0.147) | (0.214) | ||
| Median income | 0.124 | 0.135 | |
| (0.096) | (0.130) | ||
| Median age | -1.143*** | -1.034** | |
| (0.343) | (0.356) | ||
| Physicians | 0.391* | 0.450** | |
| (0.223) | (0.163) | ||
| Net income/loss per Physician | 0.208*** | 0.201*** | |
| (0.064) | (0.063) | ||
| N = 145 | R2 = 0.626 | R2 = 0.608 | |
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