Table 3 LSDV estimates of unemployment... | Emerald Publishing

Table 3

LSDV estimates of unemployment for the income-wise segregated countries

Variables	Low income	Lower-middle income	Upper-middle income	High income
TFP	−3.875*** [1.334]	−1.058*** [0.145]	−0.791*** [0.202]	−0.183* [0.011]
(TFP)²	1.557*** [0.581]	0.679*** [0.076]	1.128* [0.164]	0.317** [0.014]
GLOB	−1.929** [0.924]	1.762*** [0.137]	0.7461*** [0.149]	1.207*** [0.139]
EU	−1.072*** [0.233]	−0.159*** [0.044]	−0.332*** [0.046]	−0.511*** [0.025]
POP	0.190*** [0.084]	0.098 [0.017]	0.192*** [0.013]	0.071*** [0.011]
STR	−0.538 [0.382]	−1.033** [0.206]	0.671*** [0.244]	0.273 [0.199]
Shape of curve	U-shaped	U-shaped	U-shaped	U-shaped
Turnaround point	3.47	2.18	1.42	1.33
Year dummies	Yes	Yes	Yes	Yes
Observations	145	696	812	1,247
R²	0.54	0.56	0.63	0.73

Variables	Low income	Lower-middle income	Upper-middle income	High income
TFP	−3.875*** [1.334]	−1.058*** [0.145]	−0.791*** [0.202]	−0.183* [0.011]
(TFP)²	1.557*** [0.581]	0.679*** [0.076]	1.128* [0.164]	0.317** [0.014]
GLOB	−1.929** [0.924]	1.762*** [0.137]	0.7461*** [0.149]	1.207*** [0.139]
EU	−1.072*** [0.233]	−0.159*** [0.044]	−0.332*** [0.046]	−0.511*** [0.025]
POP	0.190*** [0.084]	0.098 [0.017]	0.192*** [0.013]	0.071*** [0.011]
STR	−0.538 [0.382]	−1.033** [0.206]	0.671*** [0.244]	0.273 [0.199]
Shape of curve	U-shaped	U-shaped	U-shaped	U-shaped
Turnaround point	3.47	2.18	1.42	1.33
Year dummies	Yes	Yes	Yes	Yes
Observations	145	696	812	1,247
R²	0.54	0.56	0.63	0.73

Note(s): Standard errors are within parentheses [], ***signifies p-value < 0.01, **0.01 ≤ p-value < 0.05, *0.05 ≤ p-value < 0.10