Variables (Y = Hospital efficiency) | (1) | (2) | (3) |
---|---|---|---|
Baseline Model | Tobit Model with LSDV | Tobit Model with Random Effects | |
Post*Pilot Reform | −0.019 | −0.019** | −0.015** |
(0.012) | (0.007) | (0.008) | |
Log GDP per capita | −0.050 | −0.049* | 0.030 |
(0.054) | (0.030) | (0.019) | |
Log Government Revenue | 0.008 | 0.008 | 0.046*** |
(0.019) | (0.013) | (0.017) | |
Log Government Expenditure | −0.050* | −0.046** | −0.032* |
(0.028) | (0.020) | (0.018) | |
Services Industry Proportion | 0.232 | 0.226** | 0.555*** |
(0.156) | (0.099) | (0.095) | |
Log Healthcare Institution Bed | −0.034 | −0.029** | −0.041*** |
(0.021) | (0.012) | (0.016) | |
Share of Education Enrollment | 0.002 | 0.001 | 0.002 |
(0.004) | (0.002) | (0.002) | |
Year Effects | Yes | Yes | NO |
Individual Effects | Yes | Yes | NO |
Rho | 0.417 | ||
Log likelihood | 2242.98 | 1091.47 | |
N | 2555 | 2555 | 2555 |