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Table 4 Parallel trend test assuming the reform happened 2 or 3 years ahead

From: Different impacts of the zero-markup drug policy on county general and traditional Chinese medicine hospitals: evidence from Shandong province, China

  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
Pseudo-reform A (Assumed 2 years ahead) 0.014
(0.016)
0.001
(0.031)
−0.019
(0.016)
−0.180
(0.159)
−0.081
(0.082)
− 0.035
(0.021)
0.012
(0.031)
− 0.017
(0.035)
Observations 1967 1967 1967 1912 1966 1967 1967 1965
R-squared 0.518 0.771 0.912 0.338 0.009 0.893 0.584 0.594
Pseudo-reform B (Assumed 3 years ahead) 0.032
(0.012)*
0.049
(0.025)*
−0.000
(0.024)
−0.360
(0.169)*
0.015
(0.010)
−0.009
(0.021)
0.020
(0.029)
0.005
(0.034)
Observations 1967 1967 1967 1912 1966 1967 1967 1965
R-squared 0.520 0.771 0.912 0.340 0.005 0.893 0.584 0.593
  1. All models adjusted for individual fixed effects, yearly fixed effects, medical staffs and hospital beds. Standard errors in parentheses
  2. *** p < 0.001, ** p < 0.01, * p < 0.05