Variables (Y = Scale efficiency) | (1) | (2) | (3) |
---|---|---|---|
Baseline Model | Tobit Model with LSDV | Tobit Model with Random Effects | |
Post*Pilot Reform | 0.023** | 0.011** | 0.003 |
(0.010) | (0.005) | (0.004) | |
Log GDP per capita | 0.019 | 0.019 | −0.007 |
(0.034) | (0.019) | (0.018) | |
Log Government Revenue | 0.007 | 0.005 | −0.003 |
(0.021) | (0.008) | (0.017) | |
Log Government Expenditure | −0.015 | −0.009 | −0.005 |
(0.037) | (0.012) | (0.012) | |
Services Industry Proportion | −0.061 | −0.067 | 0.060* |
(0.140) | (0.063) | (0.034) | |
Log Healthcare Institution Bed | −0.040*** | −0.026*** | −0.028*** |
(0.015) | (0.008) | (0.008) | |
Share of Education Enrollment | 0.004 | 0.004** | −0.002** |
(0.003) | (0.001) | (0.001) | |
Year Effects | Yes | Yes | NO |
Individual Effects | Yes | Yes | NO |
Rho | 0.326 | ||
Log likelihood | 3395.14 | 2349.91 | |
N | 2555 | 2555 | 2555 |