| Variable | Consumption | Investment | Private Wages |
| W | 0.810 |
|
|
|
| (20.76)** |
|
|
| P | 0.047 | 0.461 |
|
|
| (0.44) | (4.31)** |
|
| P−1 | 0.192 | 0.455 |
|
|
| (1.94) | (4.90)** |
|
| W−1 |
| −0.133 |
|
|
|
| (2.91)** |
|
| K−1 |
| −0.072 |
|
|
|
| (2.38)* |
|
| E |
|
| 0.478 |
|
|
|
| (18.29)** |
| E−1 |
|
| 0.106 |
|
|
|
| (3.71)** |
| Year |
|
| 0.330 |
|
|
|
| (11.42)** |
| TX |
|
| −0.695 |
|
|
|
| (7.47)** |
| _cons | 16.441 | 5.770 | −632.888 |
|
| (12.93)** | (1.06) | (11.44)** |
| R2 | 0.98 | 0.95 | 0.99 |
| N | 21 | 21 | 21 |