Table 3.

Association between CBI and unemployment.

SampleAuthorGarriga (2016)Bodea and Hicks (2015b), updatedRomelli (2022)
CBI data sourceAuthorGarrigaAuthorBodea-HicksAuthorRomelliAuthor
 (1)(2)(3)(4)(5)(6)(7)
CBI t-1−0.488** 0.102 −0.161 −0.207*
 (0.105) (0.096) (0.088) (0.083)
CBI t-1 (other) 0.022 −0.169* −0.196** 
  (0.093) (0.090) (0.072) 
Observations6,0334,2314,2304,3874,3734,4124,320
R2 overall0.9580.9530.9530.9560.9560.9610.961
Countries183173173143143148148
Years1971–20221971–20131971–20131971–20211971–20211973–20181973–2018
SampleAuthorGarriga (2016)Bodea and Hicks (2015b), updatedRomelli (2022)
CBI data sourceAuthorGarrigaAuthorBodea-HicksAuthorRomelliAuthor
 (1)(2)(3)(4)(5)(6)(7)
CBI t-1−0.488** 0.102 −0.161 −0.207*
 (0.105) (0.096) (0.088) (0.083)
CBI t-1 (other) 0.022 −0.169* −0.196** 
  (0.093) (0.090) (0.072) 
Observations6,0334,2314,2304,3874,3734,4124,320
R2 overall0.9580.9530.9530.9560.9560.9610.961
Countries183173173143143148148
Years1971–20221971–20131971–20131971–20211971–20211973–20181973–2018

Notes: Different datasets and samples.

Dependent variable: Unemployment rate. Coefficients after panel OLS regressions. Constant and lagged dependent variable omitted. Standard errors in parentheses. * p < 0.05, ** p < 0.01.

Table 3.

Association between CBI and unemployment.

SampleAuthorGarriga (2016)Bodea and Hicks (2015b), updatedRomelli (2022)
CBI data sourceAuthorGarrigaAuthorBodea-HicksAuthorRomelliAuthor
 (1)(2)(3)(4)(5)(6)(7)
CBI t-1−0.488** 0.102 −0.161 −0.207*
 (0.105) (0.096) (0.088) (0.083)
CBI t-1 (other) 0.022 −0.169* −0.196** 
  (0.093) (0.090) (0.072) 
Observations6,0334,2314,2304,3874,3734,4124,320
R2 overall0.9580.9530.9530.9560.9560.9610.961
Countries183173173143143148148
Years1971–20221971–20131971–20131971–20211971–20211973–20181973–2018
SampleAuthorGarriga (2016)Bodea and Hicks (2015b), updatedRomelli (2022)
CBI data sourceAuthorGarrigaAuthorBodea-HicksAuthorRomelliAuthor
 (1)(2)(3)(4)(5)(6)(7)
CBI t-1−0.488** 0.102 −0.161 −0.207*
 (0.105) (0.096) (0.088) (0.083)
CBI t-1 (other) 0.022 −0.169* −0.196** 
  (0.093) (0.090) (0.072) 
Observations6,0334,2314,2304,3874,3734,4124,320
R2 overall0.9580.9530.9530.9560.9560.9610.961
Countries183173173143143148148
Years1971–20221971–20131971–20131971–20211971–20211973–20181973–2018

Notes: Different datasets and samples.

Dependent variable: Unemployment rate. Coefficients after panel OLS regressions. Constant and lagged dependent variable omitted. Standard errors in parentheses. * p < 0.05, ** p < 0.01.

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