| GLS-fixed effects model | GLS-random effects model | ||
---|---|---|---|---|
Variables | (1) | (2) | (1) | (2) |
Constant | 17.587 (0.786) | 17.645 (0.782) | 17.778 (0.796) | 17.070 (0.759) |
Real GDP Per Capita | −0.001 (−4.947)*** | −0.001 (−3.874)*** | −0.001 (−4.629)*** | −0.001 (−3.763)*** |
Health Expenditure (Total) | −0.567 (−7.865)*** |  | −0.505 (−7.359)** |  |
Health Expenditure (Public) |  | −0.839 (−5.991)*** |  | −0.797 (−5.812)*** |
Health Expenditure (Private) |  | −0.445 (−4.812)*** |  | −0.381 (−4.416)*** |
Population <14 yrs | 0.018 (0.080) | 0.025 (0.115) | 0.010 (0.045) | 0.026 (0.115) |
Population 15-64 yrs | −0.036 (−0.158) | −0.042 (−0.182) | −0.042 (−0.184) | −0.040 (−0.175) |
Population >65 yrs | 0.377 (1.429) | 0.422 (1.586) | 0.386 (1.467) | 0.436 (1.642) |
HIV Prevalence rate | 0.125 (3.172)** | 0.099 (2.244)** | 0.10 (2.803)** | 0.085 (2.182)** |
R-squared | 0.703 | 0.702 | 0.148 | 0.151 |
Durbin-Watson | 0.211 | 0.204 | 0.176 | 0.174 |
F-Stat. | 18.508*** | 17.904*** | 12.148*** | 10.53 |
Observations | 424 | 421 | 424 | 421 |
Cross section included | 43 | 43 | 43 | 43 |