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Model (A1) is called a mixed-effects model, incorporating an intercept α00 , a fixed effect (β10 ) quantifying the effect of the explanatory variable X and a random effect U0 j, a random variable which follows a presumed theoretical distribution (usually normal or gamma), and a normal distributed error term R ij.
The effect of the explanatory variables is then averaged across all seven comparisons.
Table 5 shows marginal effect of the explanatory variables of our model.
The study rejects this hypothesis as well, which implies that the joint effect of the explanatory factors significantly contribute to TE.
The effect of the explanatory variable, diversity, as measured by the share of foreign country citizens in a region (LGA) is confounded by the possibility of migrants' concentration in response to economic incentives.
The conclusions about the effect of the explanatory variables are also comparable to the issuances of hybrid and capital instruments but not all of the coefficients are equal across specifications.
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As the probit coefficients are not particularly intuitive, marginal effects of the explanatory variables are also provided in Table 2.
Estimates of the joint adoption model using the bivariate probit approach, together with the marginal effects of the explanatory variables are indicated in Table 4.
Overall, our MMPH model demonstrates its relevance with the significant differences between the patterns of duration dependence and the effects of the explanatory variables on each hazard rate.
The coefficients β are attached to the indices j showing that the effects of the explanatory variables can vary according to the treatment route (public, private denominational, private profit seeking and traditional midwives).
As such, we have shown that this decomposition takes into account the mutual dependency between health and socioeconomic status and captures the reduced effects of the explanatory variables upon health and socioeconomic status.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com