Δ B A D D E B T i t T A i t − 1 = β 0 t 1 T A i t − 1 + β 1 t Δ N E T R E V i t T A i t − 1 + β 2 t Δ M E D C A R E i t T A i t − 1 + β 3 t Δ M E D C A I D i t T A i t − 1 + ε i t
β 0 t
β 1 t
β 2 t
β 3 t
R 2
F-value
0.317*
0.249***
0.112
−0.189**
0.202
11.652**