Table 6 Determinants of the common component of province-level inflation
From: The economic integration of Spain: a change in the inflation pattern
(1) | (2) | |
|---|---|---|
Unemployment rate | −0.138*** (−4.87) | −0.138*** (−4.85) |
Real unit labor cost | 6.868*** (8.23) | 6.879*** (8.33) |
COICOP group inflation rate | 0.141* (1.80) | |
Oil inflation rate | 0.0078** (2.03) | |
Services share | −0.065*** (−5.53) | −0.063*** (−5.46) |
Market density | −0.361*** (−14.10) | −0.341*** (−16.40) |
Real GVA per capita growth | −4.804*** (−6.66) | −5.231*** (−7.50) |
Constant | 7.518*** (9.05) | 7.456*** (9.09) |
F-statistic | 176.80*** | 177.30*** |
R 2 | 0.706 | 0.706 |