Table 4 Baseline panel regressions

From: Using state level employment thresholds to explain Okun’s Law

	OLS	i-FE	i,t-FE	OLS	i-FE	i,t-FE
$Y_{t} - Y_{t}^{*}$ (HP λ = 1600)	-0.347***	-0.349***	-0.191***
	(-41.97)	(-15.66)	(-7.22)
$Y_{t} - Y_{t}^{*}$ (Quadratic)				-0.261***	-0.261***	-0.155***
				(-22.89)	(-28.51)	(-13.25)
Constant	0.0523***	0.0523***	0.0573***	0.0556***	0.0556***	0.0580***
	(254.23)	(245.07)	(45.35)	(213.40)	(5.72e+11)	(40.03)
R ²	0.446	0.598	0.769	0.159	0.216	0.747
N	4450	4450	4450	4450	4450	4450

t statistics in parentheses.
* p < 0.10, ** p < 0.05, *** p < 0.01.
White standard errors.

Back to article page