Table 6 TSL 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 | 0.185664 | 2.518292 | 0.012 | |
POPT25 | Population age 25+ with tertiary education | 0.012496 | 9.985624 | 0.0000 |
DEP_RATIO | Dependency ratio | 0.003027 | 2.441981 | 0.0148 |
URBAN_POP | Urban Population | 0.005068 | 8.001078 | 0.0000 |
YGAP | Output gap | − 0.20367 | − 0.47347 | 0.636 |
DUMMY GR | Greece = 1 | − 0.58002 | − 39.3594 | 0.0000 |
DUMMY SP | Spain-Portugal = 1 | − 0.31156 | − 15.0143 | 0.0000 |
Adjusted R-squared | 0.374305 | |||
No. of obs. | 770 |