Table 2 Factors determining health expenditures in OECD countries
From: Convergence and determinants of health expenditures in OECD countries
Variables | Fixed-effects | Random-effects | ||
|---|---|---|---|---|
| Â | Coef. | Std.err | Coef. | Std.err |
Log of real GDP/capita | ***0.900 | 0.067 | ***1.016 | 0.057 |
Log of elderly ratio | **0.167 | 0.068 | ***0.237 | 0.062 |
Log of calories consumption | ***0.800 | 0.154 | ***0.820 | 0.151 |
Log of unemployment rate | ***0.092 | 0.013 | ***0.100 | 0.012 |
Log of public share of total health expenditure | ***0.339 | 0.049 | ***0.308 | 0.048 |
Trend line | ***0.042 | 0.002 | ***0.039 | 0.002 |
Constant | ***-11.215 | 1.520 | ***-12.549 | 1.433 |
| Â | Unit root test | Auto- correlation test | Cross-sectional independent | Hausman test |
Test statistics | 254.6 | 65.5 | 23.2 | 151.1 |
p-value | 0.00 | 0.00 | 0.00 | 0.00 |