Variables

Equation (1) GDP

Equation (2) Education

Equation (3)

Life Expectancy

Constant

−7.42***

−72.26**

11.84

Expenditure Decentralization

0.27***

−10.12***

1.11***

Exp Dec*Dum 7^th NFC

0.13***

7.93***

0.993

Institutional Democracy

0.004**

0.25**

−0.021*

GDP

-

11.94***

5.82***

Labor

1.07***

-

-

Capital

0.502***

-

-

Trade

−0.008

-

-

Employment Rate

-

−0.065

-

Education Expenditures

-

2.81***

-

Health Expenditures

-

-

0.055*

Number of Physicians

-

-

−4.41

R Squared

0.997

0.942

0.998

No. of Observations

37

37

35