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] |

${\overline{r}}^{2}$ | 0.999 | 0.996 | |

s.e.
| 0.007 | 0.012 | |

LL
| 159.12 | 113.71 |