Table 4.
Result of continuous measure difference-in-difference model
| log (medical revenue) | log (outpatient visit) | log (total occupy beds of inpatient) | log (surgery revenue) | log (sickbed utilization rate) | |
|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | |
| Subsidy percentage*Year2011 | −0.019*** | −0.012*** | − 0.035*** | −0.011*** | − 0.021*** |
| (< 0.001) | (< 0.001) | (0.001) | (0.003) | (0.001) | |
| Type of THCs [C220] | 0.020 | 0.018 | 0.093 | 0.096 | −0.020 |
| (0.039) | (0.039) | (0.107) | (0.227) | (0.068) | |
| Number of Physician | 0.005*** | 0.005*** | 0.005* | 0.011** | 0.002 |
| (0.001) | (0.001) | (0.002) | (0.005) | (0.002) | |
| Number of authorized bed | 0.005*** | 0.004*** | 0.029*** | 0.017*** | −0.003* |
| (0.001) | (0.001) | (0.003) | (0.006) | (0.002) | |
| Separation revenue policy | −0.066*** | −0.090*** | − 0.227*** | −0.297** | − 0.110*** |
| (0.022) | (0.022) | (0.061) | (0.128) | (0.038) | |
| Individual effect | YES | YES | YES | YES | YES |
| Time effect | YES | YES | YES | YES | YES |
| Observations | 10,791 | 10,791 | 10,791 | 10,791 | 10,791 |
| R2 | 0.151 | 0.075 | 0.088 | 0.004 | 0.066 |
| Adjusted R2 | 0.044 | −0.042 | −0.027 | −0.122 | −0.052 |
| F Statistic (df = 5; 9579) | 341.503*** | 154.581*** | 184.786*** | 8.180*** | 135.773*** |
Note: ***p < 0.01; **p < 0.05;* p < 0.1
p value of Hausman Test is < 0.05, which indicates that fixed model is better