Real GDP growth rates and healthcare spending – comparison between the G7 and the EM7 countries

Table 3 Summary statistics and cross-correlation matrix for the G7

Variable	Obs	Mean	Std. Dev.	Min	Max	chegdp	chepc	chepcppp	gghed	oopspcppp	oopsche	rgdpgr	gdppc	inf	unemp	lifeexp	popdens	goveff	phys
CHEGDP	119	10.214	2.492	5.972	17.073	1
CHEPC	119	4086.352	1724.677	1520.454	9869.742	.9153*	1
CHEPCPPP	119	3917.370	1715.360	1570.207	9869.742	.9558*	.9656*	1
GGHE-D	119	74.939	11.018	44.189	85.138	−.6475*	−.4937*	−.5418*	1
OOPSPCPPP	119	538.452	22.296	182.132	1094.227	.7720*	.7764*	.8375*	−.6037*	1
OOPSCHE	119	14.174	4.163	7.138	26.464	−.2852*	−.2946*	−.2374*	−.0739	.3125*	1
Real GDP growth	119	1.398	1.931	−5.600	5.200	.0145	.0119	.0298	−.1189	−.0421	−.1284	1
GDP per capita	119	37,026.510	6972.833	26,293.750	57,807.660	.7865*	.9033*	.9166*	−.3426*	.8131*	−.1675	.0088	1
Inflation	119	1.433	1.038	−1.381	3.856	.1288	.1126	.1199	−.3161*	.1285	−.0157	.2013*	.1189	1
Unemployment	119	7.051	2.166	3.100	12.683	.0100	−.1400	−.0858	−.0613	−.0093	.1768	−.1822*	−.1691	.1101	1
Life expectancy	119	8.432	1.724	76.637	83.985	−.3329*	−.1979*	−.2470*	.5391*	−.1120	.2512*	−.2863*	−.0137	−.3953*	.0470	1
Population density	119	17.634	116.480	3.374	351.339	−.5283*	−.4402*	−.4862*	.6143*	−.4314*	.1015	−.1871*	−.3890*	−.4170*	−.2660*	.4128*	1
Gov. effectiveness	112	1.457	.433	.198	1.990	.2031*	.2129*	.1862*	−.0725	−.1823	−.7186*	.3435*	.1806	.0531	−.3939*	−.3437*	−.2335*	1
Physicians	81	2.949	.758	1.887	4.400	−.1461	−.2109	−.1461	.2468*	.0508	.4547*	−.2744*	−.0779	.0622	.4660*	.2096	.2488*	−.6026*	1

CHEGDP Current Health Expenditure vs Gross Domestic Product (national), CHEPC Current Health Expenditure per Capita (nominal currency terms), CHEPCPPP Current Health Expenditure per Capita (Purchase Power Parity currency terms), GGHE-D; OOPSPCPPP Out of Pocket Spending Current Health Expenditure; Purchase Power Parity currency terms), OOPSCHE Out of Pocket Spending Current Health Expenditure
* p < 0.05

ISSN: 1744-8603