Skip to main content

Table 1 Estimation results for the wage equation (GMM estimation)

From: Foreign ownership and its effects on employment and wages: the case of Sweden

  Partial model Full model
Estimate Standard error Estimate Standard error
Reservation wage 0.2544*** 0.0146 0.2457*** 0.0144
Employment 0.1273*** 0.0336 0.1251*** 0.0329
Openness −0.0275 0.0385 −0.0267 0.0356
Union density 0.4830 0.3909 0.3255 0.2854
Unemployment level −3.39 × 10−5*** 2.84 × 10−6 −2.59 × 10−5*** 9.97 × 10−6
Foreign ownership 0.1484 0.1879
Austria and Switzerland −0.0661 0.0803
Belgium and Netherlands 0.0760 0.0800
Denmark 0.3669*** 0.1247
UK and Ireland −0.0001 0.0779
Finland −0.2341*** 0.0723
France −0.0256 0.0741
Germany 0.1004 0.0826
Italy 0.1438 0.1420
Norway −0.3835*** 0.1136
US and Canada 0.0253 0.0697
Time 0.0391*** 0.0014 0.0417*** 0.0014
Constant −78.5236*** 2.7232 −1.1153*** 0.0622
Mean Φ 1 0.6641*** 0.1095a 0.566 0.0588a
R-squared 0.6839   0.6879  
Durbin-Watson 1.1215   1.1134  
F test 5.5905    
  1. ***0.1 % level
  2. aThe Delta method was used to calculate the standard errors