TABLE 7.
Variables | Model 1 with health expenditure per capita | Model 2 with life Expectancy in years | Model 3 with death rate per 1,000 people |
---|---|---|---|
EC (−1) | −0.244 | −0.822*** | −0.835*** |
(0.462) | (0.195) | (0.194) | |
Long run | |||
LCAP | −0.103 | −0.00235 | −0.0542 |
(0.285) | (0.0716) | (0.0680) | |
LLAB | −28.26 | −8.576* | −10.83** |
(51.90) | (4.314) | (4.179) | |
LTOT | 0.157 | 0.0247 | 0.0139 |
(0.464) | (0.0337) | (0.0330) | |
LFDI | −0.0691 | −0.0134 | −0.00932 |
(0.189) | (0.0134) | (0.0130) | |
LHEA | −0.356 | ||
(0.956) | |||
LLEXP | 3.847** | ||
(1.513) | |||
LDRT | −1.839** | ||
(0.683) | |||
Short run | |||
D.LCAP | −0.0252 | −0.00193 | −0.0453 |
(0.0685) | (0.0588) | (0.0565) | |
D.LLAB | −6.888 | −7.047* | −9.043** |
(4.369) | (3.845) | (3.998) | |
D.LTOT | 0.0384 | 0.0203 | 0.0117 |
(0.0542) | (0.0260) | (0.0266) | |
D.LFDI | −0.0169 | −0.0110 | −0.00778 |
(0.0222) | (0.0101) | (0.0102) | |
D.LHEA | −0.0867 | ||
(0.0777) | |||
D.LLEXP | 3.161** | ||
(1.476) | |||
D.LDRT | −1.536** | ||
(0.680) | |||
Constant | 0.189 | 0.178* | 0.222** |
(0.119) | (0.101) | (0.103) | |
Observations | 18 | 28 | 28 |
R‐squared | 0.474 | 0.557 | 0.566 |
Note: Dependent variable: LRGDP. Standard errors in parentheses.***p < .01, ** p < .05, *p < .1.