Table 3 Expenditure model of NCMS fund (reference model)
From: Managing the medical resources of a national insurance program: lessons based on China’s NCMS
(1) Pooled OLS | (2) Fixed effect | (3) Two-way fixed effect | (4) Random effect | |
|---|---|---|---|---|
Fitted value of the transfer | -0.035 | -1.866** | -3.656* | 0.225 |
(-0.033) | (-2.082) | (-1.920) | (0.332) | |
Local matching subsidy (log) | -0.773 | 6.341*** | 0.355 | 0.085 |
(-0.440) | (4.895) | (0.134) | (0.075) | |
Per capita GDP (log) | 9.731 | 71.037*** | 3.420 | 15.762*** |
(1.551) | (10.852) | (0.387) | (3.303) | |
Old | 0.313 | -1.002 | 1.609*** | -0.030 |
(0.580) | (-1.574) | (3.280) | (-0.058) | |
Children | 0.721** | 0.680 | 0.928** | 0.905*** |
(2.218) | (1.366) | (2.340) | (2.706) | |
Healthcare-exp (log) | -11.226*** | -39.189*** | -22.963*** | -14.784*** |
(-4.271) | (-15.863) | (-4.934) | (-8.085) | |
Province fixed effect | NO | YES | YES | NO |
Time fixed effect | NO | NO | YES | NO |
Constant | -38.537 | -565.776*** | 50.611 | -94.253** |
(-0.720) | (-10.086) | (0.599) | (-2.180) | |
Observations | 280 | 280 | 280 | 280 |
R2 | 0.450 | 0.653 | 0.745 | 0.535 |