Table 6.
Engle Granger cointegration test between life expectancy and stay in hospitalization unit in the period 1970–2018.
Ln life expectancy | Ln stay in hospitalization unit | |
---|---|---|
Augmented Dickey-Fuller Tests on First difference
Null hypothesis of unit root: a = 1 |
||
Test without constant | ||
T statistics | −2.447 | −3.089 |
0.013 | 0.002 | |
Test with constant | ||
T statistics | −5.935 | −3.520 |
P value | P < 0.0001*** | 0.011 *** |
Test with constant and time trend | ||
T statistics | −6.815 | −3.704 |
P value | P < 0.0001*** | 0.031 *** |
Engel and Granger cointegration test | ||
Step 1: Testing a unit root | ||
With constant | P value: 0.020** | P value: 0.430 |
Step 2: Cointegration | ||
Dependent variable | Const (p value) of regression: 4.575 | Coef. −0.118 |
Life expectancy at birth | (<0.00001 *** ) | P value: <0.00001*** |
Step 3: Dickey-Fuller regression | ||
Lag 1 Null hypothesis of unit root: a = 1 |
P. asymptotic value: 0.095 * | |
Step 4: Error correction model | ||
Dependent variable | First difference ln stay in hospitalization: | |
First difference life expectancy | Coefficient: −0.061 | |
P value: 0.002*** | ||
e_1 | ||
Coefficient: –0.148 | ||
P value: 0.076 | ||
d_life expectancy_1 | ||
Coefficient: 0.146 | ||
P value: 0.309 |
P ≤ 0.01,
P ≤ 0.05,
P ≤ 0.10; In bold, significant P value.