From: Is health care a necessary or luxury product for Asian countries? An answer using panel approach
Variables | FMOLS | DOLS | ||||
---|---|---|---|---|---|---|
Pooled | Weighted | Grouped | Pooled | Weighted | Grouped | |
Cointegrating Regression | ||||||
Log of GDP | 0.832a | 0.730a | 0.816a | 0.742a | 0.807a | 0.676a |
(0.040) | (0.009) | (0.042) | (0.081) | (0.025) | (0.127) | |
Log of IM | −0.366a | −0.431a | −0.675a | −0.477a | −0.389a | −0.861 |
(0.087) | (0.001) | (0.190) | (0.136) | (0.054) | (0.758) | |
Wald Test, H0: Coefficient of Log of GDP equal to One | ||||||
t – Stat. | −4.166a | −28.637a | −4.355a | −3.155a | −7.666a | −2.534b |
χ 2 Stat. | 17.357a | 820.080a | 18.973a | 9.957a | 58.782a | 5.719b |