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Traditional or social media: which capture employment better?
Marija Hruška* 
Mirjana Čižmešija*
Mirjana Čižmešija
Affiliation: University of Zagreb, Faculty of Economics and Business, Department of Statistics, Zagreb, Croatia
 0000-0002-9873-7291
Article | Year: 2024 | Pages: 399 - 419 | Volume: 48 | Issue: 4 Received: April 17, 2024 | Accepted: August 27, 2024 | Published online: December 13, 2024
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FULL ARTICLE
FIGURES & DATA
REFERENCES
CROSSMARK POLICY
METRICS
LICENCING
PDF
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Variable
|
Estimate
|
|
Intercept
|
36.195***
|
|
Industrial
production
|
0.239***
|
|
Interest
rate
|
-0.837**
|
|
S&P500
|
-0.001
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EPU
|
-0.008***
|
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R2
|
0.735
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Note: ***, **, * depict 1%, 5%, and 10% significance levels, respectively. Source: Authors’ calculation.
|
Variable
|
Estimate
|
|
Intercept
|
35.114***
|
|
Industrial
production
|
0.250***
|
|
Interest
rate
|
-0.373
|
|
S&P500
|
-0.001
|
|
EPU
(lag 1)
|
-0.007***
|
|
R2
|
0.731
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Note: ***, **, * depict 1%, 5%, and 10% significance levels, respectively. Source: Authors’ calculation.
|
Variable
|
Estimate
|
|
Intercept
|
29.139***
|
|
Industrial
production
|
0.304***
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|
Interest
rate
|
-0.955
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|
S&P500
|
-0.001
|
|
TEU
|
-0.003***
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|
R2
|
0.685
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Note: ***, **, * depict 1%, 5%, and 10% significance levels, respectively. Source: Authors’ calculation.
|
Variable
|
Estimate
|
|
Intercept
|
30.821***
|
|
Industrial
production
|
0.288***
|
|
Interest
rate
|
-0.464
|
|
S&P500
|
-0.001
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TEU
(lag 1)
|
-0.004***
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R2
|
0.699
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Note: ***, **, * depict 1%, 5%, and 10% significance levels, respectively. Source: Authors’ calculation.
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Included in test equation
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Variable
|
Intercept
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Trend and intercept
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None
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Employment
|
-3.406**
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-3.427*
|
0.161
|
|
Industrial
production
|
-2.861*
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-2.919*
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0.430
|
|
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-14.840***
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-14.793***
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-14.365***
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(interest rate)
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-17.152***
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-17.187***
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-17.174***
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EPU
|
-2.948**
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-3.345*
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-1.471
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TEU
|
-2.780*
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-3.542**
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-1.619*
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Note: ***, **, * depict 1%, 5%, and 10% significance levels, respectively. Source: Authors’ calculation.
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December, 2024
IV/2024
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