Table 3 Regression results
| Â | Agriculture | Manufacturing | Wholesale and retail | Overall economy | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (1) | (2) | (3) | (1) | (2) | (3) | (1) | (2) | (3) | |
| Â | OLS | GLS | RE | OLS | GLS | RE | OLS | GLS | RE | OLS | GLS | RE |
Time | 0.005*** | 0.005** | 0.005*** | -0.008*** | -0.009*** | -0.008*** | 0.003*** | 0.002* | 0.003*** | 0.005*** | 0.005*** | 0.005*** |
| Â | (0.001) | (0.002) | (0.001) | (0.002) | (0.003) | (0.002) | (0.001) | (0.001) | (0.001) | (0.001) | (0.001) | (0.001) |
HPL | -0.037 | -0.003 | -0.037 | -0.110 | -0.053 | -0.110 | 0.024 | 0.043 | 0.024 | -0.004 | 0.016 | -0.004 |
| Â | (0.055) | (0.063) | (0.055) | (0.109) | (0.126) | (0.109) | (0.036) | (0.042) | (0.036) | (0.027) | (0.031) | (0.027) |
HPL*Time | -0.013 | -0.014 | -0.013 | 0.037 | 0.028 | 0.037 | -0.010 | -0.012 | -0.010 | -0.009 | -0.010 | -0.009 |
| Â | (0.012) | (0.014) | (0.012) | (0.023) | (0.027) | (0.023) | (0.008) | (0.010) | (0.008) | (0.006) | (0.007) | (0.006) |
Western Cape | 1.345*** | 1.346*** | 1.345*** | 1.532*** | 1.531*** | 1.532*** | 0.687*** | 0.687*** | 0.687*** | 0.821*** | 0.821*** | 0.821*** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Northern Cape | -0.193*** | -0.185** | -0.193*** | -1.731*** | -1.752*** | -1.731*** | -1.622*** | -1.617*** | -1.622*** | -1.111*** | -1.104*** | -1.111*** |
| Â | (0.048) | (0.084) | (0.048) | (0.095) | (0.138) | (0.095) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Free State | 0.198*** | 0.196** | 0.198*** | -0.821*** | -0.824*** | -0.821*** | -0.485*** | -0.492*** | -0.485*** | -0.334*** | -0.337*** | -0.334*** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
KwaZulu-Natal | 0.548*** | 0.541*** | 0.548*** | 0.221** | 0.212 | 0.221** | 0.393*** | 0.398*** | 0.393*** | 0.632*** | 0.632*** | 0.632*** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
North West | -0.338*** | -0.347*** | -0.338*** | -0.842*** | -0.879*** | -0.842*** | -0.467*** | -0.464*** | -0.467*** | -0.542*** | -0.547*** | -0.542*** |
| Â | (0.048) | (0.084) | (0.048) | (0.098) | (0.141) | (0.098) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Gauteng | -0.444*** | -0.464*** | -0.444*** | 1.350*** | 1.353*** | 1.350*** | 1.178*** | 1.179*** | 1.178*** | 1.026*** | 1.022*** | 1.026*** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Mpumalanga | 0.507*** | 0.496*** | 0.507*** | -0.657*** | -0.663*** | -0.657*** | -0.462*** | -0.458*** | -0.462*** | -0.060** | -0.063 | -0.060** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Limpopo | 0.843*** | 0.830*** | 0.843*** | 0.461*** | 0.462*** | 0.461*** | -0.449*** | -0.448*** | -0.449*** | 0.084*** | 0.078* | 0.084*** |
| Â | (0.048) | (0.084) | (0.048) | (0.094) | (0.138) | (0.094) | (0.032) | (0.054) | (0.032) | (0.024) | (0.041) | (0.024) |
Constant | 10.393*** | 10.409*** | 10.393*** | 8.683*** | 8.702*** | 8.683*** | 10.906*** | 10.908*** | 10.906*** | 11.846*** | 11.855*** | 11.846*** |
| Â | (0.041) | (0.070) | (0.041) | (0.079) | (0.115) | (0.079) | (0.027) | (0.045) | (0.027) | (0.020) | (0.033) | (0.020) |
Observations | 396 | 396 | 396 | 385 | 385 | 385 | 396 | 396 | 396 | 396 | 396 | 396 |