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Table 2 Estimation results for the employment 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
Wage −0.3592*** 0.0731 −0.3009*** 0.0724
Capital 0.2956*** 0.0136 0.2807*** 0.0130
Producer price index 0.2277*** 0.0806 0.1800*** 0.0797
Openness −0.1217*** 0.0495 −0.1064*** 0.0401
Union density 0.8677 0.5560 0.7273* 0.3658
Foreign ownership 0.1735 0.2542
Austria and Switzerland    0.1444 0.1162
Belgium and Netherlands    0.1797 0.0970
Denmark    0.1307 0.1372
UK and Ireland    −0.2233*** 0.0859
Finland    −0.1049 0.0820
France    0.0543 0.0987
Germany    0.0130 0.0773
Italy    −0.2355 0.1939
Norway    −0.0741 0.1194
US and Canada    0.0502 0.0708
Time 2.16 × 10−3 2.25 × 10−3 0.0010 0.0022
Constant −4.9627 4.4617 −0.6338*** 0.0818
Mean Φ 2 0.6036*** 0.083a 0.6424*** 0.0702a
R-squared 0.3216   0.3331  
Durbin-Watson 0.4385   0.7626  
F test 7.5218    
  1. ***0.1 % level; *5 % level
  2. aThe Delta method was used to calculate the standard errors