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Table 4 TSL vs demographic factors and the state of the business cycle

From: Market and political power interactions in Greece: an empirical investigation

Variable

Definition

Coefficient

t statistic

Probability

Constant

 

− 0.276354

− 3.932854

0.0001

POPT25

Population Age 25+ with tertiary education

0.013780

8.745445

0.0000

DEP_RATIO

Dependency ratio

0.005761

4.696193

0.0000

URBAN_POP

Urban Population

0.008376

12.11898

0.0000

YGAP

Output gap

− 0.220484

− 0.386020

0.6996

Adjusted R-squared

0.182806

   

No. of obs.

770