Table A8.
Results of macroeconometric models deployed for H4, EU-13 and EU-15, 1995–2017.
| EU-13 | EU-15 | |||
|---|---|---|---|---|
| (1) RREG | (2) PCSE | (3) RREG | (4) PCSE | |
| log_LP | log_LP | log_LP | log_LP | |
| log_HGE | 0.195 *** (0.0460) |
0.174 *** (0.0232) |
0.554 *** (0.0684) |
0.371 *** (0.0966) |
| log_HS | −0.178 *** (0.0525) |
−0.134 *** (0.0354) |
−0.218 *** (0.0135) |
−0.189 *** (0.0177) |
| log_HLY_F | −0.361 ** (0.111) |
−0.376 *** (0.0860) |
0.357 *** (0.0939) |
0.395 *** (0.0821) |
| log_HLY_M | 0.213 (0.135) |
0.227 * (0.106) |
−0.414 *** (0.107) |
−0.443 *** (0.0829) |
| log_BR | 0.205 (0.142) |
0.120 (0.158) |
0.0462 (0.0563) |
0.144 (0.0795) |
| log_LE | 6.112 *** (0.378) |
6.113 *** (0.319) |
−0.833 (0.577) |
0.0420 (0.352) |
| log_PGPH | −0.417 *** (0.0847) |
−0.407 *** (0.0603) |
0.564 *** (0.0726) |
0.511 *** (0.0576) |
| _cons | –20.90 *** (1.459) |
−20.75 *** (1.078) |
5.162 * (2.482) |
1.621 (1.436) |
| N | 148 | 148 | 165 | 165 |
| R 2 | 0.759 | 0.771 | 0.797 | 0.771 |
Note: Standard errors in parentheses, * p < 0.05, ** p < 0.01, *** p < 0.001. Source: Authors’ contribution in Stata.