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

Dependent variable:w_{
t
}Spain, 1967-2009: | Ireland, 1974-2009: | ||
---|---|---|---|

coefficient | coefficient | ||

cnt.
| 0.67 [0.019] |
cnt.
| 1.97 [0.000] |

w
_{t−1}
| 0.76 [0.000] |
w
_{t−1}
| 0.65 [0.000] |

Δ
w
_{t−1}
| 0.29 [0.020] |
Δ
w
_{t−2}
| -0.42 [0.000] |

u
_{
t
}
| -0.42 [0.000] |
u
_{
t
}
| -0.21 [0.010] |

p
r
_{
t
}
| 0.16 [0.006] |
p
r
_{
t
}
| 0.15 [0.003] |

b
_{
t
}
| 0.97 [0.003] |
b
_{
t
}
| 0.57 [0.030] |

${d}_{t}^{00}$ | -0.03 [0.001] | ${d}_{t}^{96}$ | -0.02 [0.070] |

${\overline{r}}^{2}$ | 0.996 | 0.990 | |

s.e.
| 0.013 | 0.017 | |

LL
| 130.31 | 100.41 |