Table 2 Results of panel multiple regression using fixed and random effects model in the sample of Indian states.

lnPCPHE_it

0.021***

 − 0.153***

 − 0.076*

 − 0.618***

0.115***

0.100***

0.098**

0.098**

0.160***

(0.004)

(0.041)

(0.040)

(0.158)

(0.037)

(0.038)

(0.038)

(0.042)

(0.050)

lnPCGSDP_it

0.061***

 − 0.421***

 − 0.890***

 − 0.533**

 − 0.486***

 − 0.517***

 − 0.406***

 − 0.459***

 − 0.539***

(0.007)

(0.060)

(0.071)

(0.234)

(0.055)

(0.057)

(0.057)

(0.063)

(0.075)

lnINFRA_it

 − 0.013

 − 0.050

 − 0.491***

0.454

0.077

0.040

0.146*

0.106

 − 0.033

(0.010)

(0.086)

(0.102)

(0.326)

(0.079)

(0.081)

(0.081)

(0.090)

(0.106)

Constant

3.431***

8.844***

11.284***

9.703***

7.479***

7.886***

6.826***

7.334***

7.536***

(0.052)

(0.439)

(0.488)

(1.742)

(0.403)

(0.415)

(0.411)

(0.459)

(0.544)

Hausman test

1.55

19.18***

8.97**

2.70

20.42***

14.95***

18.01***

17.50***

23.51***

State’s FE

NO

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes

R-squared

0.837

0.596

0.848

0.336

0.150

0.182

0.100

0.110

0.101

F-test

966.02***

149.69***

384.65***

153.00***

58.34***

68.81***

41.22***

43.82***

31.05***

No. of obs

204

336

228

336

336

336

336

336

336

No. of States

17

28

19

28

28

28

28

28

28