Text table 6
Regression of rate of unincorporated and incorporated self-employment with the unemployment rate and real gross domestic product
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Dependent variables | ||||||
---|---|---|---|---|---|---|
Unincorporated self-employment rate | Incorporated self-employment rate | |||||
coefficient | t-statistics | p-value | coefficient | t-statistics | p-value | |
First set of regressions | ||||||
Independent variables | ||||||
Unemployment rate 1 | 0.110 | 2.040 | 0.051 | -0.039 | -0.520 | 0.610 |
Constant | 0.000 | -0.020 | 0.988 | 0.027 | 3.380 | 0.002 |
Summary statistics | ||||||
Observations (number) | 31 | … | … | 31 | … | … |
R-squared | 0.126 | … | … | 0.009 | … | … |
F-value | 4.160 | … | … | 0.270 | … | … |
P-value | 0.051 | … | … | 0.610 | … | … |
Second set of regressions | ||||||
Independent variables | ||||||
GDP 2 | 0.060 | 1.430 | 0.162 | 0.904 | 16.670 | 0.000 |
Constant | 1.385 | 2.420 | 0.022 | -10.917 | -14.740 | 0.000 |
Summary statistics | ||||||
Observations (number) | 32 | … | … | 32 | … | … |
R-squared | 0.062 | … | … | 0.900 | … | … |
F-value | 2.060 | … | … | 277.870 | … | … |
P-value | 0.162 | … | … | 0.000 | … | … |
First difference in the natural log of the unemployment rate lagged by 1 year.
Natural log of real GDP.
Note(s):
These coefficients are positive and significant across all major industries, al though slightly lower on services than goods.
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