Table 2 Estimated average impact of the ZMDP on county hospitals by hospital types
Variables | Ln share of revenue from medicine sales | Ln revenue from medicine sales | Ln revenue from medical care service | Ln government subsidies | Ln revenue and expenditure surplus | Ln gross revenue | Ln number of annual outpatient visits | Ln number of annual inpatient visits |
|---|---|---|---|---|---|---|---|---|
Policy | − 0.180*** (0.021) | − 0.275*** (0.043) | 0.029 (0.026) | 1.096*** (0.196) | 0.035 (0.041) | −0.052* (0.024) | 0.056 (0.031) | −0.011 (0.034) |
Policy *TCM | 0.070** (0.021) | 0.152** (0.049) | 0.058 (0.037) | −0.458** (0.159) | −0.029 (0.017) | 0.066 (0.038) | −0.175*** (0.044) | − 0.043 (0.056) |
Observations | 1967 | 1967 | 1967 | 1912 | 1966 | 1967 | 1967 | 1965 |
R-squared | 0.563 | 0.781 | 0.912 | 0.355 | 0.006 | 0.893 | 0.596 | 0.594 |