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Table 4 Labour demand equations, 3 SLS

From: More alike than different: the Spanish and Irish labour markets before and after the crisis

 Dependent variable:n t
Spain, 1967-2009:
  Ireland, 1974-2009:  
  coefficient   coefficient
cnt. 2.27 [0.000] cnt. 1.19 [0.010]
n t−1 0.62 [0.000] nt−1 0.78 [0.000]
Δ n t−1 0.28 [0.016]   
w t -0.40 [0.000] w t -0.12 [0.101]
k t 0.26 [0.000] k t 0.13 [0.020]
Δ k t 1.70 [0.000] Δ k t 1.53 [0.000]
  Δ kt−1 -0.76 [0.001]
  τi -0.78 [0.010]
c t 1.35 [0.000]   
f d t 0.69 [0.000]   
Δf d t -0.48 [0.005]   
r ¯ 2 0.997   0.996
s.e. 0.010   0.014
LL 143.01   105.70
  1. Note: p-values in brackets; Δ is the difference operator; r ¯ 2 the adjusted r-squared; s.e. the standard error of regression; and LL the log likelihood.