From: The effect of herd formation among healthcare investors on health sector growth in China
Industry | μ m | ϕ m | σ 2 mυ | σ 2 mη | log σ mt | r mt |
---|---|---|---|---|---|---|
Healthcare facilities | 0.451*** | 0.941*** | 0.075*** | 0.097*** | 0.659*** | −0.005 |
 | (.569) | (.542) | (0.903) | (.820) | (.659) | (.580) |
Medical equipment manufacture | 0.879*** | 0.941*** | 0.019*** | 0.091*** | 0.672*** | 0.005 |
 | (.816) | (.509) | (.785) | (.690) | (.053) | (.614) |
Medical supplies & distribution | −0.747*** | 0.944*** | 0.047*** | 0.091*** | −0.151*** | 0.046 |
 | (.739) | (.600) | (.0523) | (.875) | (.532) | (.518) |
Pharmaceuticals diversified | 0.897*** | 0.957*** | 0.040*** | 0.067*** | 0.776*** | 0.027 |
 | (.846) | (.697) | (.817) | (.647) | (.557) | (.657) |
Pharmaceuticals generic and specialty | −0.706*** | 0.914*** | 0.054*** | 0.114*** | −0.057*** | −0.069 |
 | (.847) | (.684) | (.710) | (.567) | (.769) | (.739) |
Biotechnology | 1.447*** | 0.917*** | 0.015*** | 0.064*** | 1.657*** | 0.047 |
 | (.542) | (.910) | (.812) | (.536) | (.566) | (.588) |
Managed health care | −1.627*** | 0.950*** | 0.024*** | 0.072*** | −0.545*** | 0.026 |
 | (.814) | (.596) | (.640) | (.714) | (.984) | (.717) |
Diagnostic substances | 1.440*** | 0.917*** | 0.072*** | 0.142*** | 1.092*** | −0.067 |
 | (.586) | (.635) | (.671) | (.812) | (.938) | (.814) |
Medical laboratory and research | −2.479*** | 0.792*** | 0.070*** | 0.164*** | −0.970*** | −0.092 |
 | (.701) | (.598) | (。673) | (.530) | (.633) | (.636) |
Advanced medical equipment manufacture | −1.470*** | 0.945*** | 0.047*** | 0.104*** | −0.429*** | 0.029 |
 | (.782) | (.609) | (.795) | (.618) | (.598) | (.814) |
Healthcare Transportation | −0.471*** | 0.907*** | 0.100*** | 0.165*** | 0.111*** | 0.006 |
 | (.657) | (.740) | (.561) | (.767) | (.840) | (.733) |
Therapeutic Medicine | −0.541*** | 0.919*** | 0.021*** | 0.072*** | −0.047*** | 0.017 |
 | (.556) | (.592) | (.542) | (.642) | (.870) | (.543) |
Medical Tourism | 0.471 | 0.997*** | 0.047*** | 0.054*** | 1.022* | 0.007 |
 | (.748) | (.538) | (.640) | (.539) | (.529) | (.626) |
Other Medical support services | −0.547*** | 0.954*** | 0.074*** | 0.095*** | 0.014 | 0.147 |
 | (.512) | (.719) | (.976) | (.529) | (.944) | (.727) |