Cobb–Douglas function | Translog function | |||
---|---|---|---|---|
(equation 1) | (equation 2) | |||
Coefficient | Standard error | Coefficient | Standard error | |
ln Number of physicians | 0.384*** | 0.019 | 2.898*** | 0.304 |
ln Number of beds | 0.665*** | 0.034 | −0.525** | 0.211 |
Hospital standardized mortality ratio | −0.208*** | 0.022 | −0.172*** | 0.020 |
ln Number of physicians (squared) | 0.438*** | 0.108 | ||
ln Number of beds (squared) | 0.691*** | 0.115 | ||
ln Number of physicians x ln number of beds | −0.711*** | 0.118 | ||
Efficiency score | 0.610 | 0.586 | ||
Log likelihood | −66.852 | −88.115 | ||
Likelihood ratio test value | 365.405*** | 322.880*** |