| GLS-fixed effects model | GLS-random effects model | ||
---|---|---|---|---|
Variables | (1) | (2) | (1) | (2) |
Constant | 126.324 (1.003) | 128.033 (1.007) | 127.442 (1.013) | 127.097 (1.001) |
Real GDP Per Capita | −0.000 (−0.104) | 0.001 (0.580) | −0.000 (−0.075) | 0.001 (0.480) |
Health Expenditure (Total) | −3.005 (−7.411)*** |  | −2.834 (−7.237)*** |  |
Health Expenditure (Public) |  | −4.204 (−5.328)*** |  | −3.965 (−5.100)*** |
Health Expenditure (Private) |  | −2.478 (−4.748)*** |  | −2.322 (−4.678)*** |
Population <14 yrs | −0.119 (−0.095) | −0.093 (−0.074) | −0.147 (−0.119) | −0.105 (−0.083) |
Population 15-64 yrs | −0.480 (−0.370) | −0.527 (−0.403) | −0.509 (−0.392) | −0.535 (−0.409) |
Population >65 yrs | 2.579 (1.737)* | 2.787 (1.857)* | 2.600 (1.754)* | 2.814 (1.878)* |
HIV Prevalence rate | −0.330 (−1.482)* | −0.452 (−1.820) | −0.340 (−1.641) | −0.416 (−1.836)* |
R-squared | 0.762 | 0.762 | 0.155 | 0.142 |
Durbin-Watson | 0.139 | 0.135 | 0.12 | 0.116 |
F-Stat. | 25.049*** | 24.192*** | 12.751*** | 9.757*** |
Observations | 424 | 421 | 424 | 421 |
Cross section included | 43 | 43 | 43 | 43 |