Table 7 The lagged effectiveness of fiscal rules
From: Fiscal rules, powerful levers for controlling the health budget? Evidence from 32 OECD countries
| Â | Inflation adjusted government health care expenditure in log | |||||
|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
| Â | Lag: 1Â year | Lag: 2Â years | ||||
FR | −0.04*** |  |  | −0.05*** |  |  |
| Â | (0.01) | Â | Â | (0.01) | Â | Â |
ER |  | −0.05*** |  |  | −0.06*** |  |
| Â | Â | (0.01) | Â | Â | (0.01) | Â |
BBR |  |  | −0.04*** |  |  | −0.05*** |
| Â | Â | Â | (0.01) | Â | Â | (0.01) |
Log debt | −0.04** | −0.03* | − 0.04** | − 0.04** | −0.03** | − 0.04** |
| Â | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) |
Log GDP | 0.77*** | 0.71*** | 0.77*** | 0.80*** | 0.70*** | 0.78*** |
| Â | (0.06) | (0.05) | (0.06) | (0.06) | (0.05) | (0.06) |
Log population | 0.14 | 0.22 | 0.11 | 0.10 | 0.23 | 0.08 |
| Â | (0.12) | (0.12) | (0.12) | (0.12) | (0.12) | (0.12) |
IMF bailout | −0.03 | −0.03 | −0.03 | −0.02 | −0.03 | −0.03 |
| Â | (0.02) | (0.02) | (0.02) | (0.02) | (0.02) | (0.02) |
Constant | −12.82*** | −12.35*** | −12.43*** | −12.77*** | −12.22*** | −12.24*** |
| Â | (1.62) | (1.61) | (1.62) | (1.61) | (1.60) | (1.61) |
Country FE | Y | Y | Y | Y | Y | Y |
Year FE | Y | Y | Y | Y | Y | Y |
N | 717 | 717 | 717 | 717 | 717 | 717 |
adj. R2 | 0.997 | 0.997 | 0.997 | 0.997 | 0.997 | 0.997 |