(0.207)

(0.0518)

(0.395)

(0.269)

lnlab

0.0585

0.222

−0.254

−1.215***

(0.267)

(0.114)

(0.443)

(0.453)

ggdp

0.0131

4.568***

1.538

6.047

(2.457)

(1.156)

(2.757)

(4.732)

open

−1.803***

−0.485***

−1.013

−1.256**

(0.216)

(0.139)

(0.647)

(0.526)

res

−0.00217

−0.000431

−0.0263

−0.0409

(0.00616)

(0.00401)

(0.0136)

(0.0229)

cons

−2.971

6.887***

−13.43*

−5.869

(5.571)

(1.858)

(7.194)

(5.127)

N

200

200

200

200

AR(1)

AR(2)

Sargan

0.0001

0.5364

0.9998

0.0034

0.6021

0.9997

0.0017

0.1006

0.9981

0.0001

0.5993

0.9824