Construction sector, current account and export-import ratio post-1970 (OLS first-differences)
| . | Current account . | Export-import ratio . | ||||||
|---|---|---|---|---|---|---|---|---|
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . | (8) . |
| Construction | –1.331*** | –0.040*** | ||||||
| Employment | (0.228) | (0.009) | ||||||
| Residential | –0.964** | –0.041*** | ||||||
| Investment/GDP | (0.294) | (0.011) | ||||||
| Housing | –0.328*** | –0.013*** | ||||||
| Completions/pop | (0.071) | (0.003) | ||||||
| Non-resident. | –0.641*** | –0.028*** | ||||||
| Investment/GDP | (0.181) | (0.008) | ||||||
| Constant | –0.009 | 0.016 | –0.716 | 0.003 | 0.001 | 0.001 | 0.065*** | 0.0001 |
| (0.029) | (0.024) | (0.642) | (0.024) | (0.002) | (0.001) | (0.019) | (0.001) | |
| Observations | 693 | 782 | 809 | 782 | 693 | 782 | 809 | 782 |
| R2 | 0.182 | 0.170 | 0.139 | 0.241 | 0.185 | 0.187 | 0.147 | 0.280 |
| Adjusted R2 | 0.127 | 0.118 | 0.087 | 0.194 | 0.129 | 0.137 | 0.096 | 0.235 |
| F Statistic | 3.287*** (df = 44; 648) | 3.269*** (df = 46; 735) | 2.672*** (df = 46; 762) | 5.078*** (df = 46; 735) | 3.339*** (df = 44; 648) | 3.684*** (df = 46; 735) | 2.856*** (df = 46; 762) | 6.225*** (df = 46; 735) |
| . | Current account . | Export-import ratio . | ||||||
|---|---|---|---|---|---|---|---|---|
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . | (8) . |
| Construction | –1.331*** | –0.040*** | ||||||
| Employment | (0.228) | (0.009) | ||||||
| Residential | –0.964** | –0.041*** | ||||||
| Investment/GDP | (0.294) | (0.011) | ||||||
| Housing | –0.328*** | –0.013*** | ||||||
| Completions/pop | (0.071) | (0.003) | ||||||
| Non-resident. | –0.641*** | –0.028*** | ||||||
| Investment/GDP | (0.181) | (0.008) | ||||||
| Constant | –0.009 | 0.016 | –0.716 | 0.003 | 0.001 | 0.001 | 0.065*** | 0.0001 |
| (0.029) | (0.024) | (0.642) | (0.024) | (0.002) | (0.001) | (0.019) | (0.001) | |
| Observations | 693 | 782 | 809 | 782 | 693 | 782 | 809 | 782 |
| R2 | 0.182 | 0.170 | 0.139 | 0.241 | 0.185 | 0.187 | 0.147 | 0.280 |
| Adjusted R2 | 0.127 | 0.118 | 0.087 | 0.194 | 0.129 | 0.137 | 0.096 | 0.235 |
| F Statistic | 3.287*** (df = 44; 648) | 3.269*** (df = 46; 735) | 2.672*** (df = 46; 762) | 5.078*** (df = 46; 735) | 3.339*** (df = 44; 648) | 3.684*** (df = 46; 735) | 2.856*** (df = 46; 762) | 6.225*** (df = 46; 735) |
Note:*p < 0.05; **p < 0.01; ***p < 0.001, robust standard errors
Construction sector, current account and export-import ratio post-1970 (OLS first-differences)
| . | Current account . | Export-import ratio . | ||||||
|---|---|---|---|---|---|---|---|---|
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . | (8) . |
| Construction | –1.331*** | –0.040*** | ||||||
| Employment | (0.228) | (0.009) | ||||||
| Residential | –0.964** | –0.041*** | ||||||
| Investment/GDP | (0.294) | (0.011) | ||||||
| Housing | –0.328*** | –0.013*** | ||||||
| Completions/pop | (0.071) | (0.003) | ||||||
| Non-resident. | –0.641*** | –0.028*** | ||||||
| Investment/GDP | (0.181) | (0.008) | ||||||
| Constant | –0.009 | 0.016 | –0.716 | 0.003 | 0.001 | 0.001 | 0.065*** | 0.0001 |
| (0.029) | (0.024) | (0.642) | (0.024) | (0.002) | (0.001) | (0.019) | (0.001) | |
| Observations | 693 | 782 | 809 | 782 | 693 | 782 | 809 | 782 |
| R2 | 0.182 | 0.170 | 0.139 | 0.241 | 0.185 | 0.187 | 0.147 | 0.280 |
| Adjusted R2 | 0.127 | 0.118 | 0.087 | 0.194 | 0.129 | 0.137 | 0.096 | 0.235 |
| F Statistic | 3.287*** (df = 44; 648) | 3.269*** (df = 46; 735) | 2.672*** (df = 46; 762) | 5.078*** (df = 46; 735) | 3.339*** (df = 44; 648) | 3.684*** (df = 46; 735) | 2.856*** (df = 46; 762) | 6.225*** (df = 46; 735) |
| . | Current account . | Export-import ratio . | ||||||
|---|---|---|---|---|---|---|---|---|
| . | (1) . | (2) . | (3) . | (4) . | (5) . | (6) . | (7) . | (8) . |
| Construction | –1.331*** | –0.040*** | ||||||
| Employment | (0.228) | (0.009) | ||||||
| Residential | –0.964** | –0.041*** | ||||||
| Investment/GDP | (0.294) | (0.011) | ||||||
| Housing | –0.328*** | –0.013*** | ||||||
| Completions/pop | (0.071) | (0.003) | ||||||
| Non-resident. | –0.641*** | –0.028*** | ||||||
| Investment/GDP | (0.181) | (0.008) | ||||||
| Constant | –0.009 | 0.016 | –0.716 | 0.003 | 0.001 | 0.001 | 0.065*** | 0.0001 |
| (0.029) | (0.024) | (0.642) | (0.024) | (0.002) | (0.001) | (0.019) | (0.001) | |
| Observations | 693 | 782 | 809 | 782 | 693 | 782 | 809 | 782 |
| R2 | 0.182 | 0.170 | 0.139 | 0.241 | 0.185 | 0.187 | 0.147 | 0.280 |
| Adjusted R2 | 0.127 | 0.118 | 0.087 | 0.194 | 0.129 | 0.137 | 0.096 | 0.235 |
| F Statistic | 3.287*** (df = 44; 648) | 3.269*** (df = 46; 735) | 2.672*** (df = 46; 762) | 5.078*** (df = 46; 735) | 3.339*** (df = 44; 648) | 3.684*** (df = 46; 735) | 2.856*** (df = 46; 762) | 6.225*** (df = 46; 735) |
Note:*p < 0.05; **p < 0.01; ***p < 0.001, robust standard errors
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