Table 4.
Effects of health care expenditures on death rate (DEA)
| Model | Fixed Effect | Random Effect | ||
|---|---|---|---|---|
| C | 3.4010 (35.49)a |
3.8843 (16.78)a |
3.4273 (35.77)a |
3.9320 (17.01)a |
| LNTHE | 0.0910 (4.82)a |
0.0861 (4.66)a |
||
| LNPUB | 0.0645 (4.69)a |
0.0632 (4.65)a |
||
| LNPRI | −0.1065 (−2.51)b |
−0.1100 (−2.60)a |
||
| LNGDP | 0.0016 (0.07) |
0.0111 (0.52) |
−0.0063 (− 0.32) |
0.0017 (0.09) |
| LNSAN | −0.4173 (−18.20)a |
− 0.4385 (−19.11)a |
−0.4098 (−18.96)a |
−0.4307 (− 19.56)a |
| R-squared | 0.9637 | 0.9647 | 0.7866 | 0.7946 |
| F-Statistics | 430.76 | 417.07 | 356.22 | 279.50 |
| Observations | 294 | 294 | 294 | 294 |
| Cross-section included | 15 | 15 | 15 | 15 |
Notes: a, b, and * denote significance level at 1, 5 and 10%, respectively. Figures in the parentheses are t-statistics