Table 2 The Effect of Housing Market Return on Psychiatric Outpatient Visits

From: Assessing the mental health impact of China’s housing boom through national and city-level data analysis

 

(1)

(2)

y = PsychVisits_GR

HRet

0.0760***

0.0660**

 

(0.009)

(0.040)

LocalStockRet

 

−0.0668*

  

(0.050)

lagPsychVisits_GR

−0.0016**

−0.0017**

 

(0.031)

(0.023)

GDP_Quintile

−0.0097

−0.0119

 

(0.546)

(0.420)

CPI

−0.0196

−0.0229

 

(0.361)

(0.265)

PopGrowth_Perm

−0.6102

−.4647

 

(0.448)

(0.530)

HealthWorker_GR

0.5575**

0.6278***

 

(0.026)

(0.007)

PsychBeds_GR

0.2121**

0.2294**

 

(0.026)

(0.016)

UrbanPop_ShareGR

−0.4345

−0.4343

 

(0.559)

(0.568)

Gender_FemPct

1.7681**

1.6231*

 

(0.046)

(0.066)

HealthExp_GDP

1.0869

1.0603

 

(0.285)

(0.304)

Edu_CollegePct

0.2369

0.2292

 

(0.287)

(0.323)

UnempRate

−2.2107

−2.1597

 

(0.355)

(0.367)

Loan_Rate

13.5403

6.3103

 

(0.149)

(0.520)

_cons

0.4923

1.3280

 

(0.787)

(0.419)

Province FE

Yes

Yes

Year FE

Yes

Yes

N

332

332

R2

0.277

0.290

  1. This table provides the results of regressing the psychiatric outpatient visits on the housing market fluctuations. The dependent variable PsychVisits_GR is the annual growth rate of psychiatric outpatient visits of province i in year t. The main independent variable HRet is the housing price growth rate of province i in year t. LocalStockRet is return of local stocks of province i in year t. Other variables are defined in Supplementary Table 1. P-values are reported in parentheses. Statistical significance levels are indicated as follows: *p < 0.1; **p < 0.05; ***p < 0.01. The t-statistics are clustered by province.
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