Table 5 WPR vs demographic factors and the state of the business cycle variables with country dummies
From: Market and political power interactions in Greece: an empirical investigation
Variable | Definition | Coefficient | t statistic | Probability |
|---|---|---|---|---|
Constant | 2.212455 | 16.80728 | 0.0000 | |
POPT25 | Population Age 25+ with tertiary education | 0.00193 | 1.739468 | 0.0823 |
DEP_RATIO | Dependency ratio | − 0.00991 | − 5.90045 | 0.0000 |
URBAN_POP | Urban Population | − 0.00815 | − 10.0033 | 0.0000 |
YGAP | Output gap | − 0.09179 | − 0.24855 | 0.8038 |
DUMMY GR | Greece = 1 | 0.821895 | 27.14865 | 0.0000 |
DUMMY SP | Spain-Portugal = 1 | 0.477169 | 19.49924 | 0.0000 |
Adjusted R-squared | 0.568369 | |||
No. of obs. | 797 |