| GLS-fixed effects model | GLS-random effects model | ||
---|---|---|---|---|
Variables | (1) | (2) | (1) | (2) |
Constant | 41.577 (1.351) | 42.261 (1.364) | 41.357 (1.347) | 43.000 (1.390) |
Real GDP Per Capita | 0.002 (5.647)*** | 0.002 (4.516)*** | 0.002 (5.474)*** | 0.002 (4.548)*** |
Health Expenditure (Total) | 0.697 (7.032)*** | Â | 0.615 (6.486)*** | Â |
Health Expenditure (Public) | Â | 1.039 (5.401)*** | Â | 0.983 ( 5.198)*** |
Health Expenditure (Private) | Â | 0.528 (4.148)*** | Â | 0.443 (3.697)*** |
Population >14 yrs | 0.041 (0.136) | 0.024 (0.078) | 0.051 (0.169) | 0.024 (0.082) |
Population 15-64 yrs | 0.103 (0.325) | 0.104 (0.325) | 0.111 (0.351) | 0.102 (0.319) |
Population >65 yrs | −0.421 (−1.161) | −0.491 (−1.342) | −0.433 (−1.198) | −0.509 (−1.393) |
HIV Prevalence rate | −0.204 (−3.763)*** | −0.162 (−2.683)** | −0.175 (−3.517)*** | −0.148 (−2.740)** |
R-squared | 0.735 | 0.734 | 0.138 | 0.139 |
Durbin-Watson | 0.173 | 0.161 | 0.142 | 0.136 |
F-Stat. | 21.705*** | 20.952*** | 11.180*** | 9.502*** |
Observations | 424 | 120 | 424 | 421 |
Cross section included | 43 | Â | 43 | 43 |