Efficacy of a numerical value of a fixed-effect estimator in stochastic frontier analysis as an indicator of hospital production structure

Table 1 Descriptive statistics used in the estimation of technical efficiency

	Weighted number of inpatients	Number of physicians	Number of beds	HSMR
Mean	2528.67	108	600	1.180
S.D.	1618.40	64	294	0.315
Maximum	7043.48	266	1475	2.243
Minimum	15.40	16	130	0.549

The data we used in the TFEM is a balanced panel dataset collected between 2005 and 2007 from 127 hospitals. The sample hospitals had an average of 600 beds, which is a relatively large number for Japanese hospitals.

ISSN: 1472-6963