Table B1.

Further Robustness Checks.

Panel A. Estimation results when controlling for public debt
	(1) OLS (DR1)	(2) OLS (DR1)	(3) Tobit (DR1)	(4) OLS (DR2)	(5) OLS (DR2)	(6) Tobit (DR2)
Climate Risk	0.024**			0.098***
	(0.010)			(0.036)
Readiness	−0.084*	−0.141**	−0.138**	−0.114	−0.502*	−0.497*
	(0.044)	(0.061)	(0.055)	(0.154)	(0.278)	(0.251)
Individualism		0.114***	0.117***		0.326***	0.336***
		(0.027)	(0.024)		(0.119)	(0.108)
Controls	Yes	Yes	Yes	Yes	Yes	Yes
Region dummies	Yes	Yes	Yes	Yes	Yes	Yes
N	108	81	81	107	80	80
R2	0.407	0.525		0.462	0.535
Panel B. Estimation results when Health expenditure is defined in per capita terms
Climate Risk	0.012			0.072**
	(0.009)			(0.031)
Readiness	−0.154***	−0.195***	−0.192***	−0.336*	−0.693***	−0.690***
	(0.042)	(0.059)	(0.053)	(0.173)	(0.252)	(0.225)
Individualism		0.100***	0.102***		0.275**	0.285***
		(0.028)	(0.025)		(0.113)	(0.101)
Controls	Yes	Yes	Yes	Yes	Yes	Yes
Region dummies	Yes	Yes	Yes	Yes	Yes	Yes
N	110	81	81	109	80	80
R2	0.399	0.510		0.483	0.570
Panel C. Estimation results when excluding the US and the UK
Climate Risk	0.019**			0.082**
	(0.009)			(0.033)
Readiness	−0.097**	−0.155***	−0.150***	−0.219	−0.605**	−0.592**
	(0.040)	(0.058)	(0.053)	(0.161)	(0.287)	(0.259)
Individualism		0.106***	0.109***		0.281**	0.294**
		(0.027)	(0.025)		(0.123)	(0.112)
Controls	Yes	Yes	Yes	Yes	Yes	Yes
Region dummies	Yes	Yes	Yes	Yes	Yes	Yes
N	110	81	81	109	80	80
R2	0.380	0.497		0.407	0.477

Note: All other variables are as defined earlier.