Table 7.

Allocation of AMI with Respect to AMI Productivity and its Components

Measure	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
	Static Allocation for AMI				Dynamic Allocation for AMI
Productivity (Fed $)	17.637 (1.118)				1.491 (0.420)
Productivity (Resources)		17.540 (1.013)				1.471 (0.386)
Risk-Adjusted ln(Fed $)			1.447 (0.169)				0.246 (0.064)
Risk-Adjusted ln(Resources)				0.620 (0.406)				0.468 (0.162)
Risk-Adjusted Survival			17.940 (1.192)	19.789 (1.297)			1.479 (0.446)	1.559 (0.441)
Hospitals	2,890	2,890	2,890	2,890	2,890	2,890	2,890	2,890

This table extends the analysis of Table 4 but is limited to static and dynamic allocation for AMI. It shows how allocation is related to AMI productivity or its two components (risk-adjusted survival and risk-adjusted log-inputs). Productivity is defined as risk- and inputs-adjusted survival; see Section III.C and equation (9). We consider two input measures, "federal expenditures" and "resources", also defined in the text. Standard errors are bootstrapped with 300 replications and are clustered at the market level.

The standard deviation of productivity is 0.03 (Fed $ or Resources), of risk-adjusted log-inputs is 0.22 (Fed $) and 0.07 (Resources), and of risk-adjusted survival is 0.04 − this number differs from that of Table 2 because it comes from estimating the joint distribution of survival and inputs, not survival alone.