(Explained Variable)

S1

S2

S1

S2

S1

S2

S1

S2

S1

S2

LN (Regular Employee/Capital)

1.052

−0.324

***

1.074

−0.126

0.930

−0.320

**

0.910

−0.107

1.828

−1.097

LN (Irregular Employee/Capital)

−0.324

***

0.453

−0.126

0.270

***

−0.320

**

0.462

−0.107

0.324

−1.097

1.060

Constant Term

1.336

1.294

2.304

0.995

0.970

*

1.265

1.941

1.087

0.015

2.223

Obs.

63

63

25

25

36

36

32

32

28

28

RMSE

3.022

1.299

3.104

0.426

2.828

1.669

2.512

0.976

3.483

1.549

R2

0.304

0.150

0.416

0.569

0.217

0.108

0.431

0.308

0.246

0.064

chi2

43.170

23.260

20.460

25.210

25.270

13.980

34.810

21.620

22.760

14.510