Table 1

VAR (2) model results

VariablesD.unemploymentD.growth_creditsD.growth_fdi
LD.unemployment1.324*** (0.263)25.39*** (6.437)−27.12 (32.31)
L2D.unemployment−0.827** (0.389)−31.83*** (9.515)−60.33 (47.75)
LD.growth_credits−0.0652*** (0.0115)−1.284*** (0.282)0.977 (1.415)
L2D.growth_credits0.00863 (0.0254)0.226 (0.622)−10.86*** (3.121)
LD.growth_fdi0.00233* (0.00129)0.00741 (0.0315)−0.785*** (0.158)
L2D.growth_fdi−0.000659 (0.00149)−0.0577 (0.0364)−0.249 (0.183)
Constant0.136 (0.150)−3.035 (3.674)−12.82 (18.44)
R squared0.79440.73610.8783
Observations131313

Note(s): Standard errors are in parentheses; *** p < 0.01, ** p < 0.05, * p < 0.1

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