Table 2.
Panel OLS and 2SLS regression estimates
| OLS model | OP costs | IP costs | Total costs | |||
|---|---|---|---|---|---|---|
| ln ICOC |
-0.07 (0.005) |
* |
-1.71 (0.03) |
** |
-0.30 (0.006) |
** |
| DCSI score |
0.21 (0.002) |
* |
0.44 (0.01) |
* |
0.25 (0.002) |
* |
| P4P |
0.33 (0.005) |
* |
-0.27 (0.03) |
* |
0.26 (0.01) |
* |
| Accreditation level (ref = community hospital) | ||||||
| Medical center |
0.07 (0.01) |
* |
0.64 (0.06) |
* |
0.16 (0.01) |
* |
| Regional hospital |
0.08 (0.01) |
* |
0.49 (0.05) |
* |
0.12 (0.01) |
* |
| Clinics |
-0.40 (0.01) |
* |
-0.68 (0.05) |
* |
-0.45 (0.01) |
* |
| Ownership (ref = for-profit) | ||||||
| Public |
0.12 (0.01) |
* |
0.004 (0.05) |
0.12 (0.01) |
* | |
| Non-profit |
0.17 (0.01) |
* |
-0.11 (0.05) |
* |
0.16 (0.01) |
* |
| constant |
9.18 (0.01) |
* |
0.86 (0.04) |
* |
9.31 (0.01) |
* |
| rho | 0.50 | 0.20 | 0.39 | |||
| Overall R2 | 0.25 | 0.10 | 0.26 | |||
| 2SLS model | ||||||
| ln ICOC |
1.03 (0.26) |
* |
-11.62 (1.93) |
** |
-1.07 (0.31) |
** |
| DCSI score |
0.12 (0.01) |
* |
0.30 (0.07) |
* |
0.12 (0.01) |
* |
| P4P |
0.26 (0.01) |
* |
-0.40 (0.07) |
* |
0.16 (0.01) |
* |
| Accreditation level (ref = community hospital) | ||||||
| Medical center |
0.09 (0.01) |
* |
0.81 (0.09) |
* |
0.21 (0.01) |
* |
| Regional hospital |
0.05 (0.01) |
* |
0.85 (0.10) |
* |
0.16 (0.02) |
* |
| Clinics |
-0.47 (0.01) |
* |
-0.59 (0.06) |
* |
-0.51 (0.01) |
* |
| Ownership (ref = for-profit) | ||||||
| Public |
0.08 (0.01) |
* |
0.17 (0.07) |
* |
0.11 (0.01) |
* |
| Non-profit |
0.11 (0.01) |
* |
-0.03 (0.06) |
0.101 (0.01) |
* | |
| F (15,152049) | 3335 | * | 238 | * | 2283 | * |
| Tests of instruments | ||||||
|
Weak Instrument (Anderson-Rubin Wald test F) |
23.3 | * | 61.46 | * | 12.54 | * |
| Wald test for endogeneity χ2(1) | 30.56 | * | 46.68 | * | 5.75 | † |
Note: *: p-value < 0.01; †: p-value < 0.05