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 | 0.924a | 0.841a | 0.924a | 0.774a | 0.917a | 0.831a |
(0.033) | (0.009) | (0.031) | (0.085) | (0.027) | (0.100) | |
Log of LE | 0.912 | 1.489a | 5.464a | 3.906a | 1.416b | 10.419a |
(0.629) | (0.001) | (1.459) | (1.496) | (0.673) | (3.530) | |
Wald Test, H0: Coefficient of Log of GDP equal to One | ||||||
t – Stat. | −2.20b | −16.091a | −2.436b | −2.632a | −3.023a | −1.674c |
χ 2 Stat. | 4.883b | 258.944a | 5.938b | 6.930a | 9.140a | 2.805c |