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Table 9 Variance decomposition: GVA (impulse): Employment (response)

From: Short-time work in the Great Recession: firm-level evidence from 20 EU countries

 

(1)

Levels (%)

(2)

Growth rates (%)

All

2

14

STW < 1%

5

26

STW ≥ 10%

2

3

  1. Variance decompositions from PVAR with employment and output (GVA). The first column is a specification in log levels, the second column annual growth rates. The figures are the cumulative percentage of the variation in employment explained by an output shock after 10 periods
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