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Table 3 Dynamic regression table, 1987–2016

From: Are apprenticeships business cycle proof?

 

(1)

(2)

(3)

log(Apprenticeships)t−1

− 0.422***

− 0.392***

− 0.418***

 

(0.040)

(0.041)

(0.040)

Immediate, transitory effects

   

Δlog(Population aged 16)t,t−1

0.247***

0.259***

0.239***

 

(0.058)

(0.065)

(0.057)

ΔUnemployedt,t−1

− 1.765***

 

− 1.595***

 

(0.332)

 

(0.339)

ΔGDP growtht,t−1

 

0.109

0.054

  

(0.068)

(0.058)

Permanent effects

   

log(Population aged 16)t−1

0.280***

0.262***

0.264***

 

(0.042)

(0.045)

(0.042)

Unemployedt−1

− 0.313

 

− 0.285

 

(0.239)

 

(0.237)

GDP growtht−1

 

0.285***

0.141*

  

(0.095)

(0.082)

Trend1987−1991

− 0.006*

− 0.002

− 0.005

 

(0.003)

(0.004)

(0.003)

Trend1992−2015

0.003***

0.003***

0.003***

 

(0.000)

(0.001)

(0.000)

Observations

780

780

780

Number of region

26

26

26

Regional fixed effects

Yes

Yes

Yes

  1. Dependent variable: Δlog(Apprenticeshipst,t−1). ADL model in EC form, with panel-corrected standard errors (PCSE, in brackets). ***p <0.01, **p <0.05, *p <0.1