From: Unemployment dynamics and the Beveridge curve in Greece
 | 1 | 2 | 3 | 4 | 5 | 6 |
---|---|---|---|---|---|---|
Dependent variable | Unemployment rate | |||||
Unemployment rate t − 1 | 0.967 (39.94)*** | 0.894 (25.58)*** | 0.977 (49.28)*** | 0.971 (54.30)*** | 0.853 (27.40)*** | 0.885 (23.13)*** |
Job vacancy rate t | −1.342 (−2.24)** | −0.586 (−1.31) | −0.657 (−1.36) | −0.095 (−0.22) | −6.620 (−2.74)*** | −0.835 (−0.45) |
Job vacancy rate t 2 | 19.878 (2.03)** | 10.470 (1.41) | 11.037 (1.38) | 2.095 (0.31) | 12.139 (1.24) | 0.896 (0.14) |
CRISIS t | Â | 0.007 (3.91)*** | 0.008 (4.11)*** | 0.019 (4.07)*** | Â | 0.015 (0.44) |
EPL t |  | −0.022 (−2.54)** |  |  | −0.049 (−2.74)*** | −0.028 (−2.19)** |
Job vacancy rate*CRISIS t |  |  |  | −0.954 (−2.83)*** |  | −1.807 (−0.58) |
Job vacancy rate*EPL t | Â | Â | Â | Â | 2.086 (2.00)* | 0.308 (0.41) |
CRISIS*EPL t | Â | Â | Â | Â | Â | 0.002 (0.11) |
Job vacancy rate*CRISIS*EPL | Â | Â | Â | Â | Â | 0.305 (0.25) |
Constant term | 0.022 (2.31)** | 0.076 (2.87)*** | 0.008 (1.15) | 0.003 (0.49) | 0.163 (3.52)*** | 0.086 (0.47) |
Effect of job vacancy if CRISIS = 1 |  |  |  | −1.050532 (−2.77)*** |  |  |
Effect of job vacancy conditional on EPL |  |  |  |  | −4.534 (−3.25)*** |  |
Effect of job vacancy conditional on EPL if CRISIS = 1 |  |  |  |  |  | −2.029 (−1.38) |
Effect of job vacancy conditional on EPL if CRISIS = 0 |  |  |  |  |  | −0.528 (−0.47) |
Obs | 46 | 46 | 46 | 46 | 46 | 46 |
F-test (p value) | F(3, 42) = 1371.26 (0.000) | F(5, 40) = 1447.58 (0.0000) | F(4, 41) = 1431.98 (0.000) | F(5, 40) = 1472.98(0.0000) | F(5, 40) = 1322.13 (0.0000) | F(9, 36) = 2090.63 (0.0000) |
R 2 | 0.9921 | 0.9954 | 0.9944 | 0.9951 | 0.9942 | 0.9960 |