Table 6.

All Hospitals Decomposition of Change in Expected Investment due to the Recession.

E (Investment 2009) − E (Investment 2006)	$\mathrm{\Delta }$ estimate	[Bootstrap 95% CI]
I. Cash Flow Effect	2.45*	0.51	4.38
II. Change in Cash Flow	−0.27	−0.65	0.12
III. Liquid Asset Effect	−2.35	−6.69	1.99
IV. Change in Liquid Assets	0.54	−0.31	1.39
V. Average Product of Capital Effect	−1.79	−7.84	4.26
VI. Change in Average Product of Capital	0.48	−0.17	1.12
VII. Interest Rate Effect	12.52	−10.84	35.87
VIII. Change in Interest Rate Effect	−0.04	−1.11	1.03
IX. Residual Recession Effect	−9.88	−34.52	14.76
Net effect	1.65	−1.83	5.12

Note. Millions of 2011 dollars. CI = confidence interval.

^*P < .05. **P < .01. ***P < .001.