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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
  1. t-statistics are presented in parenthesis
  2. ***, ** and * imply statistically significant coefficients at the 1, 5 and 10 % level, respectively