Panel regression estimates for expenditures on sickness and health care function as an independent variable
| Model 5 | Model 6 | Model 7 | Model 8 | |
|---|---|---|---|---|
| Dependent variable | lnFIEBinTE | lnFIEBinFE | lnFIECinTE | llFIECinFE |
| constant | −0.417 (1.370) | 1.359 (1.166) | −2.901 (1.626) | −1.151 (1.375) |
| Independent variable | ||||
| lnSHC | 0.415 (0.216) | 0.260 (0.184) | 0.262 (0.252) | 0.214 (0.216) |
| Control variables | ||||
| lnGini | 0.726* (0.367) | 0.395 (0.312) | 1.296** (0.453) | 0.943* (0.389) |
| lnGE | −0.403 (0.252) | −0.187 (0.214) | −0.243 (0.287) | −0.051 (0.242) |
| lnFU | −0.073 (0.058) | −0.092 (0.049) | −0.131 (0.074) | −0.126* (0.062) |
| Fit statistics of models | ||||
| Breusch-Pagan test | χ2 (1) = 1363.8 p = 0 | χ2 (1) = 1414.61 p = 0 | χ2 (1) = 1285.14 p = 0 | χ2 (1) = 1333.23 p = 0 |
| Hausman test | χ2 (4) = 1.800 p = 0.773 | χ2 (4) = 2.572 p = 0.632 | χ2 (4) = 9.237 p = 0.055 | χ2 (4) = 10.033 p = 0.040 |
| Effects | random | random | random | fixed |
| No. of countries | 24 | 24 | 21 | 21 |
| No. of observation | 362 | 362 | 294 | 294 |
| F | F(4, 269) = 3.213 p = 0.013 | |||
| χ2 | χ2(4) = 11.738 p = 0.019 | χ2(4) = 10.312 p = 0.035 | χ2(4) = 13.368 p = 0.010 | |
| LSDV R2 | 0.922 | |||
| Within R2 | 0.046 | |||
| “Between” variance | 0.751 | 0.773 | 0.475 | |
| “Within” variance | 0.075 | 0.053 | 0.080 | |
| Model 5 | Model 6 | Model 7 | Model 8 | |
|---|---|---|---|---|
| Dependent variable | lnFIEBinTE | lnFIEBinFE | lnFIECinTE | llFIECinFE |
| constant | −0.417 (1.370) | 1.359 (1.166) | −2.901 (1.626) | −1.151 (1.375) |
| lnSHC | 0.415 (0.216) | 0.260 (0.184) | 0.262 (0.252) | 0.214 (0.216) |
| lnGini | 0.726* (0.367) | 0.395 (0.312) | 1.296** (0.453) | 0.943* (0.389) |
| lnGE | −0.403 (0.252) | −0.187 (0.214) | −0.243 (0.287) | −0.051 (0.242) |
| lnFU | −0.073 (0.058) | −0.092 (0.049) | −0.131 (0.074) | −0.126* (0.062) |
| Breusch-Pagan test | ||||
| Hausman test | ||||
| Effects | random | random | random | fixed |
| No. of countries | 24 | 24 | 21 | 21 |
| No. of observation | 362 | 362 | 294 | 294 |
| F | F(4, 269) = 3.213 | |||
| LSDV | 0.922 | |||
| Within | 0.046 | |||
| “Between” variance | 0.751 | 0.773 | 0.475 | |
| “Within” variance | 0.075 | 0.053 | 0.080 | |
Note(s): Standard errors in parentheses, ***p < 0.001; **p < 0.01; *p < 0.05
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