Labour mobility as an adjustment mechanism to asymmetric shocks in Europe: evidence from the Czech Republic, Hungary, Poland and Slovakia

Journal for Labour Market Research

Table 8 ARDL Model After Financial Crisis

Variable	ECT	Czechia	Hungary	Poland	Slovakia
ECT		− 0.158***	− 0.193***	− 0.259***	− 0.215**
		(0.041)	(0.0103)	(0.224)	(0.0214)
\({\Delta Employment}_{t-1}\)		0.075	0.605**	-0.814***	0.584
		(0.195)	(0.289)	(0.195)	(0.432)
\(\Delta {\mathrm{ln}Technology}_{t-1}\)		− 7.649**	− 22.270***	4.877	− 4.626
		(3.888)	(5.601)	(5.796)	(6.252)
\(\Delta {\mathrm{ln}Technology}_{t-2}\)		6.208	21.774***	− 9.703**	6.405
		(4.167)	(5.833)	(4.002)	(5.794)
\(\Delta {\mathrm{ln}Technology}_{t-3}\)		− 2.146	− 6.630***	3.440***	− 2.039
		(1.746)	(2.532)	(1.222)	(2.377)
\(\Delta {\mathrm{ln}Migration }_{t-1}\)		− 0.000	− 0.072	0.052	0.005
		(0.013)	(0.064)	(0.041)	(0.017)
\(\Delta {\mathrm{ln}Real value added}_{t-1}\)		9.957***	0.339	− 2.998*	5.256
		(2.725)	(5.811)	(1.609)	(8.553)
\(\mathrm{ln}Technlogy\)	4.603***
	(0.2877)
\(\mathrm{ln}Migration\)	0.186***
	(0.020)
\(\mathrm{ln}Real value added\)	6.195***
	(0.486)
Constant		− 0.330	− 0.697	− 16.632	− 1.865
		(1.229)	(1.715)	(11.630)	(2.727)

Each variable has a maximum lag set to five. The study determined the optimal lag lengths using the AIC. Standard errors are represented in parentheses, ***p < 0.01, **p < 0.05, *p < 0.1, \(\Delta\) represents first order difference. t-1, t-2..t-j represent lags. L is used to represent the long run. ECT means error correction term