Dependent var: Δ logarithm of total employment

(1)

(2)

(3)

Variables

ADJ

LR

SR

First lag of logarithm of total employment

−0.0328**

(0.0141)

Logarithm of GDP

−0.415

(0.368)

Population growth

1.280**

(0.544)

Logarithm of domestic credit

0.367**

(0.173)