Variable

Coefficient

t-Statistic

C

4.334863

3.130131

Unemployment

−0.447280

−2.055951

Tax and Social Security Contributions Burden

0.095623

3.425131

Inflation

1.184664

1.140584

Market Capitalisation

0.298674

2.344442

Housing Prices

−0.460831

−3.481598

Borrowing Requirements of the Public Sector

−0.581190

−2.743898

Growth Rate of Real GDP

64.56247

1.061802