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Table 6 The results of panel Generalized Method of Moments (GMM)

From: Health care expenditure and health outcome nexus: new evidence from the SAARC-ASEAN region

Dependent variable

LIF

DEA

MOR

C

3.3306

(149.24)a

3.3777

(84.62)a

3.4273

(35.88)a

3.8843

(19.85)a

10.1249

(68.28)a

11.3396

(25.50)a

LNTHE

0.0011

(0.27)

 

0.0861

(4.32)a

 

−0.2683

(−6.69)a

 

LNPUB

 

−0.0015

(− 0.43)

 

0.0645

(3.86)a

 

−0.0833

(−2.88)a

LNPRI

 

−0.0093

(−1.45)

 

−0.1065

(−3.66)a

 

− 0.2383

(− 2.85)a

LNGDP

0.0740

(13.54)a

0.0750

(14.41)***

−0.0063

(− 0.31)

0.0111

(0.51)

− 0.7840

(− 19.65)a

−0.8579

(−19.35)a

LNSAN

0.0911

(23.36)a

0.0890

22.05

−0.4098

(−27.80)a

− 0.4385

(− 27.61)a

−0.2124

(−4.86)a

−0.1709

(− 4.11)a

R-squared

0.9804

0.9805

0.7866

0.9646

0.9893

0.9879

Observations

294

294

294

294

294

294

Cross-section included

15

15

15

15

15

15

  1. Notes: a, **, and * denote significance level at 1, 5 and 10%, respectively. Figures in the parentheses are t-statistics