Table 9 Extended labor demand model by region and industry group: IV-panel fixed effects

Ln (V)

0.4288***

0.2261***

0.7620***

0.6067***

0.5924***

(0.0214)

(0.0247)

(0.0208)

(0.0237)

(0.0426)

M/(M + Y)

−0.2558***

−0.4861***

−0.3644***

−0.4502***

0.2714***

(0.0811)

(0.0859)

(0.0877)

(0.1002)

(0.0898)

X/Y

0.0347***

0.0172**

0.1199***

0.1186***

−0.0025

(0.0132)

(0.0069)

(0.0102)

(0.0225)

(0.0044)

Ln (w)

−0.4815***

−0.3286***

−0.7149***

−0.6477***

−0.6969***

(0.0181)

(0.0178)

(0.0200)

(0.0214)

(0.0322)

Ln (w)*s

0.1161***

0.0231***

0.1374***

0.0945***

0.0772***

(0.0066)

(0.0031)

(0.0061)

(0.0053)

(0.0074)

Ln (HS)

0.1911***

0.3515***

0.0403

−0.1885

0.6140^a

(0.0720)

(0.0864)

(0.1689)

(0.1675)

(0.3980)

Ln (CX)

0.2196*

−0.1575

−0.0085

0.0970

−0.1306

(0.1235)

(0.1465)

(0.1118)

(0.0679)

(0.1206)

I/Y

0.0433*

0.0297

−0.0684

−0.1055

0.2332**

(0.0249)

(0.0317)

(0.1273)

(0.0831)

(0.0995)

Constant

2.1329***

5.4557***

−0.1446

3.7549***

−0.5908

(0.8238)

(0.9565)

(1.3057)

(1.2790)

(3.0254)

Observations

2430

2081

2811

2234

994

Number of industries

287

250

314

254

114