Long-run parameters of the ARDL model of Equations (12E) and (13E)
| Growth rate in wage share | Growth rate in employment rate | ||
|---|---|---|---|
| (employment rate) | 2.6488*** | (wage share) | −0.0103* |
| (0.7667) | (0.0058) | ||
| (intercept) | −2.0587*** | (intercept) | 0.0036 |
| (0.5860) | (0.0025) | ||
| Growth rate in wage share | Growth rate in employment rate | ||
|---|---|---|---|
| 2.6488*** | −0.0103* | ||
| (0.7667) | (0.0058) | ||
| −2.0587*** | 0.0036 | ||
| (0.5860) | (0.0025) | ||
Note(s): Standard error in parenthesis, *** and * indicate the statistical significance at the 1 and 10% level, respectively
Source(s): Authors’ calculation