Table 4 The results of Tobit model.

From: The impact of the hierarchical medical system on medical resource allocation in China

 

(1)

(2)

Bed_bc

Doc_bc

HMS

− 0.0086***

− 0.0110

(0.0030)

(0.0082)

Control variables

Yes

Yes

Observations

230

230

LR test

168.53

83.71

  1. Standard error in parenthesis. The significance levels of 1%, 5%, and 10% are denoted by ***, **, and *, respectively. The null hypothesis of LR test is “there is no individual effect”, which is strongly rejected here, so the random effect model is chosen. All regressions control for province-by-year covariates.
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