MODEL 1: eleven countries, five variables 

                             Simple Statistics

Variable       N         Mean  Std.Dev Minimum  Maximum

UNEMP       4349        20.69    12.68     0.0     36.0
GNP         4349      1684.78  1375.09   300.0   5500.0
CAPT306     4272         2.91     0.79     1.0      4.0
CAPT310     4268         1.88     0.81     1.0      4.0
ECDE4       3831         2.79     0.95     1.0      4.0


                      Pearson Correlation Coefficients
                        / Prob > |R| under Ho: Rho=0

              UNEMP        GNP    CAPT306    CAPT310      ECDE4

UNEMP        1.000     -0.639     -0.067      0.143      0.399
             0.0        0.0001     0.0001     0.0001     0.0001

GNP         -0.639      1.000      0.063     -0.127     -0.433
             0.0001     0.0        0.0001     0.0001     0.0001

CAPT306     -0.067      0.063      1.000     -0.209     -0.160
             0.0001     0.0001     0.0        0.0001     0.0001

CAPT310      0.143     -0.127     -0.202      1.000      0.209
             0.0001     0.0001     0.0001     0.0        0.0001

ECDE4        0.399     -0.433     -0.125      0.209      1.000
             0.0001     0.0001     0.0001     0.0001     0.0

Regression Analysis

Dependent Variable: UNEMP
Independent Variables: GNP, CAPT306, CAPT310, ECDE4


Analysis of Variance
                         Sum of         Mean
Source          DF      Squares       Square      F Value       Prob>F

Model            4 203228.21422  50807.05355      531.110       0.0001
Error         3745 358254.40151     95.66206
C Total       3749 561482.61573

    Root MSE       9.78070     R-square       0.3619
    Dep Mean      18.86107     Adj R-sq       0.3613
    C.V.          51.85655

Parameter Estimates

                 Parameter      Standard    T for H0:
Variable  DF      Estimate         Error   Parameter=0    Prob > |T|

INTERCEP   1     20.150212    1.04071157        19.362        0.0001
GNP        1     -0.004439    0.00012946       -34.287        0.0001
CAPT306    1     -0.143153    0.20859160        -0.686        0.4926
CAPT310    1      0.612748    0.20497966         2.989        0.0028
ECDE4      1      2.232559    0.19111704        11.682        0.0001


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