Table 5 Drivers of employment creation...

Table 5

Drivers of employment creation using the Bayesian estimation technique

	Panel A: 2010
Mode	1			2			3			4
	Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval
CONST	0.0443	0.0442	0.0443	0.0427	0.0426	0.0427	0.0413	0.0412	0.0414	0.0397	0.0396	0.0398
POS	−0.0224	−0.0225	−0.0223	−0.0229	−0.0230	−0.0228	−0.0238	−0.0239	−0.0237	−0.0243	−0.0244	−0.0242
CLS	−0.0062	−0.0062	−0.0061				−0.0065	−0.0066	−0.0065
TLS				0.0012	0.0011	0.0012				0.0014	0.0014	0.0015
LBR	−0.0120	−0.0120	−0.0119	−0.0135	−0.0136	−0.0135	−0.0113	−0.0114	−0.0113	−0.0131	−0.0132	−0.0130
LBE	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016
AGL	−0.0010	−0.0010	−0.0010	−0.0010	−0.0010	−0.0010	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011
IPA	0.0422	0.0422	0.0423	0.0420	0.0420	0.0421	0.0415	0.0415	0.0416	0.0413	0.0413	0.0414
DXP							−0.0182	−0.0182	−0.0181	−0.0181	−0.0182	−0.0180
DDM							0.0087	0.0087	0.0088	0.0087	0.0086	0.0087
DMF							−0.0091	−0.0091	−0.0090	−0.0091	−0.0092	−0.0091
DLG							0.0203	0.0202	0.0203	0.0202	0.0201	0.0202

	Panel A: 2010
Mode	1			2			3			4
	Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval
CONST	0.0443	0.0442	0.0443	0.0427	0.0426	0.0427	0.0413	0.0412	0.0414	0.0397	0.0396	0.0398
POS	−0.0224	−0.0225	−0.0223	−0.0229	−0.0230	−0.0228	−0.0238	−0.0239	−0.0237	−0.0243	−0.0244	−0.0242
CLS	−0.0062	−0.0062	−0.0061				−0.0065	−0.0066	−0.0065
TLS				0.0012	0.0011	0.0012				0.0014	0.0014	0.0015
LBR	−0.0120	−0.0120	−0.0119	−0.0135	−0.0136	−0.0135	−0.0113	−0.0114	−0.0113	−0.0131	−0.0132	−0.0130
LBE	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016	−0.0016
AGL	−0.0010	−0.0010	−0.0010	−0.0010	−0.0010	−0.0010	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011
IPA	0.0422	0.0422	0.0423	0.0420	0.0420	0.0421	0.0415	0.0415	0.0416	0.0413	0.0413	0.0414
DXP							−0.0182	−0.0182	−0.0181	−0.0181	−0.0182	−0.0180
DDM							0.0087	0.0087	0.0088	0.0087	0.0086	0.0087
DMF							−0.0091	−0.0091	−0.0090	−0.0091	−0.0092	−0.0091
DLG							0.0203	0.0202	0.0203	0.0202	0.0201	0.0202

	Panel D: 2019
Model	1			2			3			4
	Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval
CONST	0.0371	0.0371	0.0371	0.0305	0.0305	0.0305	0.0426	0.0425	0.0427	0.0361	0.0360	0.0362
POS	−0.0233	−0.0234	−0.0233	−0.0219	−0.0220	−0.0219	−0.0230	−0.0231	−0.0229	−0.0216	−0.0216	−0.0215
CLS	−0.0079	−0.0079	−0.0078				−0.0082	−0.0083	−0.0082
TLS				0.0118	0.0118	0.0119				0.0115	0.0115	0.0115
LBR	−0.0027	−0.0027	−0.0026	−0.0073	−0.0074	−0.0073	−0.0030	−0.0031	−0.0030	−0.0078	−0.0079	−0.0078
LBE	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017
AGL	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0012	−0.0012	−0.0012	−0.0012	−0.0012	−0.0012
IPA	0.0318	0.0317	0.0318	0.0324	0.0323	0.0324	0.0303	0.0302	0.0303	0.0308	0.0308	0.0309
DXP							0.0080	0.0079	0.0080	0.0083	0.0082	0.0083
DDM							−0.0035	−0.0035	−0.0034	−0.0034	−0.0035	−0.0033
DMF							−0.0067	−0.0067	−0.0067	−0.0069	−0.0069	−0.0068
DLG							0.0144	0.0144	0.0145	0.0141	0.0141	0.0142

	Panel D: 2019
Model	1			2			3			4
	Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval		Posterior mean	95% confidence interval
CONST	0.0371	0.0371	0.0371	0.0305	0.0305	0.0305	0.0426	0.0425	0.0427	0.0361	0.0360	0.0362
POS	−0.0233	−0.0234	−0.0233	−0.0219	−0.0220	−0.0219	−0.0230	−0.0231	−0.0229	−0.0216	−0.0216	−0.0215
CLS	−0.0079	−0.0079	−0.0078				−0.0082	−0.0083	−0.0082
TLS				0.0118	0.0118	0.0119				0.0115	0.0115	0.0115
LBR	−0.0027	−0.0027	−0.0026	−0.0073	−0.0074	−0.0073	−0.0030	−0.0031	−0.0030	−0.0078	−0.0079	−0.0078
LBE	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017	−0.0017
AGL	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0011	−0.0012	−0.0012	−0.0012	−0.0012	−0.0012	−0.0012
IPA	0.0318	0.0317	0.0318	0.0324	0.0323	0.0324	0.0303	0.0302	0.0303	0.0308	0.0308	0.0309
DXP							0.0080	0.0079	0.0080	0.0083	0.0082	0.0083
DDM							−0.0035	−0.0035	−0.0034	−0.0034	−0.0035	−0.0033
DMF							−0.0067	−0.0067	−0.0067	−0.0069	−0.0069	−0.0068
DLG							0.0144	0.0144	0.0145	0.0141	0.0141	0.0142

Note(s): The Table presents the results of the Bayesian estimation of the model:

${E P C}_{i} = α + β^{1} {C L S}_{i} + β^{2} {T L S}_{i} + β^{3} {L B R}_{i} + β^{4} {P O S}_{i} + β^{5} {L B E}_{i} + β^{6} {I P A}_{i} + β^{7} {A G L}_{i} + β^{8} {D X P}_{i} + β^{9} {D D M}_{i} + β^{10} {D M F}_{i} + 11_{β} {D L G}_{i} + ε_{i}$

Source(s): Authors’ construct 2025

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