Table 7 DOLS estimates for Swedish... | Emerald Publishing

Table 7

DOLS estimates for Swedish cities

City	Apartment stock		Population		Disposable income		Mortgage interest rate		Unemployment rate
City	Coef	t-stat	Coef	t-stat	Coef	t-stat	Coef	t-stat	Coef	t-stat
Stockholm	2.158***	49.94	7.332***	11.88	1.921***	17.55	−0.358***	−11.66	−0.207*	−1.43
Gothenburg	3.681***	19.94	13.61***	5.09	2.65***	8.01	−0.526***	−21.11	−0.916***	−7.27
Malmö	5.249***	34.12	5.534***	5.56	3.219***	8.24	−0.484***	−17.19	0.689***	6.44
Number of obs	21		21		18		21		9
t-stat critical value at 1%, 5%, 10% significance level	df = 19	2.539 1.729 1.328	df = 19	2.539 1.729 1.328	df = 16	2.583 1.746 1.337	df = 19	2.539 1.729 1.328	df = 7	2.998 1.895 1.415
Panel group DOLS (group mean average)
Coefficient	3.696***	60.04	8.826***	13.01	2.597***	19.51	−0.456***	−28.84	−0.145	−1.31
Number of obs	63		63		54		63		27
t-stat critical value at 1%, 5%, 10% significance level	df = 61	2.390 1.671 1.296	df = 61	2.390 1.671 1.296	df = 52	2.423 1.684 1.303	df = 61	2.390 1.671 1.296	df = 25	2.485 1.708 1.316

City	Apartment stock		Population		Disposable income		Mortgage interest rate		Unemployment rate
City	Coef	t-stat	Coef	t-stat	Coef	t-stat	Coef	t-stat	Coef	t-stat
Stockholm	2.158***	49.94	7.332***	11.88	1.921***	17.55	−0.358***	−11.66	−0.207*	−1.43
Gothenburg	3.681***	19.94	13.61***	5.09	2.65***	8.01	−0.526***	−21.11	−0.916***	−7.27
Malmö	5.249***	34.12	5.534***	5.56	3.219***	8.24	−0.484***	−17.19	0.689***	6.44
Number of obs	21		21		18		21		9
t-stat critical value at 1%, 5%, 10% significance level	df = 19	2.5391.7291.328	df = 19	2.5391.7291.328	df = 16	2.5831.7461.337	df = 19	2.5391.7291.328	df = 7	2.9981.8951.415
Panel group DOLS (group mean average)
Coefficient	3.696***	60.04	8.826***	13.01	2.597***	19.51	−0.456***	−28.84	−0.145	−1.31
Number of obs	63		63		54		63		27
t-stat critical value at 1%, 5%, 10% significance level	df = 61	2.3901.6711.296	df = 61	2.3901.6711.296	df = 52	2.4231.6841.303	df = 61	2.3901.6711.296	df = 25	2.4851.7081.316

Note(s): * and *** represent significance at error levels of 10% and 1%, respectively