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Table 4 Long-run labour demand elasticities (2000–2013).

From: Heterogeneous labour demand in the Colombian manufacturing sector

Specification

Permanent

Temporary

Permanent

Temporary

Skilled

Unskilled

Medium size establishments

Own-price

− 0.514***

− 0.382***

− 1.008***

− 0.351***

Auto-regressive coefficient

0.228**

0.252***

0.469***

0.370***

Halfway of adjustment

0.469

0.503

0.915

0.697

Output

1.081***

0.769***

0.486***

0.750***

TFP

− 0.983***

− 0.601*

− 0.353*

− 0.906***

No. observations (plants)

4937

1090

8320

4533

Hansen test (p-value)

0.595

0.480

0.249

0.356

Ar2 (p-value)

0.233

0.652

0.000

0.986

Large size establishments

Own-price

− 0.722***

− 0.170***

− 1.150***

− 0.231***

Auto-regressive coefficient

0.394***

0.195***

0.547***

0.239***

Halfway of adjustment

0.744

0.424

1.149

0.484

Output

1.295***

1.087***

0.986***

0.356***

TFP

− 1.105***

− 0.914***

− 0.863***

− 0.212

No. observations (plants)

8435

3433

9850

8365

Hansen test (p-value)

0.247

0.593

0.370

0.130

Ar2 (p-value)

0.954

0.806

0.536

0.089

Very large size establishments

Own-price

− 1.106***

− 0.591***

− 1.018***

− 0.387

Auto-regressive coefficient

0.671***

0.379***

0.692***

0.522***

Halfway of adjustment

1.737

0.714

1.883

1.066

Output

1.215***

− 0.055

1.503**

0.333

TFP

− 1.113**

− 0.029

− 1.722**

0.469

No. observations (plants)

984

529

1023

1007

Hansen test (p-value)

1.000

1.000

1.000

1.000

Ar2 (p-value)

0.794

0.426

0.158

0.590

  1. *, **, *** Correspond to 10%, 5% and 1% level of significance, respectively. Hansen test refers the accuracy of the set of instruments; the Ar2 test shows that the errors do not exhibit autocorrelation of order two