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Healthy Investment: Social Stability Risk and Public Health Expenditures in Autocracies
Unformatted Document Text:  II. Conclusions I have presented my statistical analysis results from 17 regressions, the goals of which are to test the effects of factors that might influence public health expenditure. Overall, the cross-sectional analysis provides consistent support for my four hypotheses, but the TSCS analysis produces mixed results. Both social stability risk and regime type are positively related to public health expenditure across all regime types both cross- sectionally and over time. Moreover, the positive effect of social stability risk on public health expenditure proves statistically significant and consistent. Moreover, the TSCS analysis also shows that the influence of over-time variations in social stability risk on public health expenditure is significant. Such findings suggest that the posited relationship between social stability risk and the provision of social welfare benefits is much more than artifacts of the data. In addition, both the cross-sectional and the TSCS analysis results show that social stability risk exerts a stronger influence in autocracies than in democracies, which is indicated by a bigger coefficient. In particular, the cross- sectional analysis indicates that social stability risk explains a considerable portion of variations in the dependent variable, especially when the regression is limited to autocracies only (R2=. 72). However, with a very high level of autocorrelation of the dependent variable, the magnitude of social stability risk’s influence is severely reduced in the TSCS analysis. My investigation also reveals that single party is positively and strongly related to public health expenditure, suggesting that authoritarian regimes with a single party regime tend to spend more on public health than other types of authoritarian regimes. However, the effect of single party is not statistically significant. More evidence from further studies is required before we could feel more confident about the positive effect of single party on the provision of social welfare benefits in authoritarian regimes. These findings have both theoretical and empirical importance. While the correlation between democracy and economic growth has been addressed by many studies, this research suggests that authoritarian regimes are also motivated to achieve good economic performance and deliver the fruit of development to the citizenry. As is explained earlier in this paper, since authoritarian leaders could not rely on political institutions for political legitimacy, other sources of legitimacy become even more important to them. In order to pursue legitimacy in a political system where the electoral process is absent, 19

Authors: Yu, Bin.
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II.
Conclusions
I have presented my statistical analysis results from 17 regressions, the goals of
which are to test the effects of factors that might influence public health expenditure.
Overall, the cross-sectional analysis provides consistent support for my four hypotheses,
but the TSCS analysis produces mixed results. Both social stability risk and regime type
are positively related to public health expenditure across all regime types both cross-
sectionally and over time. Moreover, the positive effect of social stability risk on public
health expenditure proves statistically significant and consistent. Moreover, the TSCS
analysis also shows that the influence of over-time variations in social stability risk on
public health expenditure is significant. Such findings suggest that the posited
relationship between social stability risk and the provision of social welfare benefits is
much more than artifacts of the data. In addition, both the cross-sectional and the TSCS
analysis results show that social stability risk exerts a stronger influence in autocracies
than in democracies, which is indicated by a bigger coefficient. In particular, the cross-
sectional analysis indicates that social stability risk explains a considerable portion of
variations in the dependent variable, especially when the regression is limited to
autocracies only (R2=. 72). However, with a very high level of autocorrelation of the
dependent variable, the magnitude of social stability risk’s influence is severely reduced
in the TSCS analysis. My investigation also reveals that single party is positively and
strongly related to public health expenditure, suggesting that authoritarian regimes with a
single party regime tend to spend more on public health than other types of authoritarian
regimes. However, the effect of single party is not statistically significant. More evidence
from further studies is required before we could feel more confident about the positive
effect of single party on the provision of social welfare benefits in authoritarian regimes.
These findings have both theoretical and empirical importance. While the correlation
between democracy and economic growth has been addressed by many studies, this
research suggests that authoritarian regimes are also motivated to achieve good economic
performance and deliver the fruit of development to the citizenry. As is explained earlier
in this paper, since authoritarian leaders could not rely on political institutions for
political legitimacy, other sources of legitimacy become even more important to them. In
order to pursue legitimacy in a political system where the electoral process is absent,
19


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