Table 3.
Effects of health care expenditures on life expectancy at birth (LIF)
| Model | Fixed Effect | Random Effect | ||
|---|---|---|---|---|
| C | 3.3306 (142.61)a |
3.3777 (59.17)a |
3.3807 (144.15)a |
3.4243 (60.30)a |
| LNTHE | 0.0011 (0.23) |
0.0055 (1.23) |
||
| LNPUB | −0.0015 (− 0.45) |
0.0001 (0.04) |
||
| LNPRI | −0.0093 (− 0.88) |
− 0.0088 (− 0.85) |
||
| LNGDP | 0.0740 (13.67)a |
0.0750 (14.21)a |
0.0608 (12.56)a |
0.0631 (13.19)a |
| LNSAN | 0.0911 (16.32)a |
0.0890 (15.72)a |
0.1004 (19.03)a |
0.0972 (17.97)a |
| R-squared | 0.9805 | 0.9805 | 0.8888 | 0.8891 |
| F-Statistic | 885.05 | 885.51 | 772.96 | 579.11 |
| Observations | 294 | 294 | 294 | 294 |
| Cross-section included | 15 | 15 | 15 | 15 |
Notes: a, **, and
*denote significance level at 1, 5 and 10%, respectively. Figures in the parentheses are t-statistics