Health Care Expenditure and GDP in African Countries: Evidence from Semiparametric Estimation with Panel Data
Table 2
Parametric estimation results.
Variable
Parametric model
Semiparametric model
1
2
Constant
−1.0293** (0.5296)
−0.1887 (0.8002)
lnGDP
0.9882*** (0.0261)
0.7583*** (0.1662)
lnGDP2
0.0177* (0.0104)
lnIMR
−0.5525*** (0.0783)
−0.5563*** (0.0784)
−0.8574*** (0.2140)
lnPOP65
0.3895**(0.1672)
0.3074* (0.1770)
0.5156 (0.5521)
Country dummies
Yes
Yes
Yes
Year dummies
Yes
Yes
Yes
Adjusted -square
0.7718
0.7710
0.4142
The dependent variable is lnHCE. Robust standard errors in parentheses.
*Significant at the 10% level.
**Significant at the 5% level.
***Significant at the 1% level.
