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Table 6 Labour force equations, 3 SLS

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

 Dependent variable:l t
 Spain, 1967-2009:
  Ireland, 1974-2009:  
  coefficient   coefficient
cnt. 0.71 [0.112] cnt. -2.20 [0.096]
l t−1 0.92 [0.000] l t−1 0.60 [0.000]
   Δ l t−2 0.21 [0.104]
w t 0.04 [0.053] w t 0.13 [0.001]
Δ w t -0.13 [0.061]   
z t 0.32 [0.009] p o t 0.43 [0.012]
   u t -0.27 [0.001]
Δ u t -0.25 [0.000] Δ u t 0.28 [0.012]
r t 0.14 [0.000]   
d t 00 0.01 [0.026] d t 96 0.03 [0.000]
r ¯ 2 0.999   0.996
s.e. 0.007   0.012
LL 159.12   113.71
  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.