Table 2 ITSA including the effects of GDP per capita, social spending and the unemployment (1995–2014)

Variables

Model 1

Model 2

Model 3

Model 4

Initial time

−0.002 (<0.001)^***

−0.001 (<0.001)^***

−0.001 (<0.001)^***

−1.118 (0.378) ^***

Intervention1 (2007)

0.204 (0.001)^***

−0.241 (0.025) ^***

0.248 (0.023)^***

100.337 (14.365) ^***

IntervXtime1 (2007)

0.002 (0.031)^**

<0.001 (0.001)

−0.001 (0.001)

0.688 (0.686)

Intervention2 (2011)

0.004 (0.010)

0.026 (0.028)

0.024 (0.028)

−1.346 (12.359)

IntervXtime2 (2011)

0.005 (0.027)^***

0.005 (0.001) ^***

0.005 (0.001) ^***

2.042 (0.716) ^***

GDP

0.001 (0.001)^**

0.007 (0.003) ^**

Social expenditure

0.001 (0.005)

−1.545 (2.479)

Unemployment rate

0.003 (0.002)^*

1.964 (1.057)^*

Constant

0.372 (0.113)^**

0.518 (0.120) ^**

0.530 (0.048)^***

143.342 (96.300)

Recession periods

Model 1

Model 2

Model 3

Model 4

T2007–2011

−0.001 (0.001)

−0.001 (0.001)

−0.002 (0.357)^**

−0.430 (0.428)

T2011–2014

0.004 (0.001)^***

0.004 (0.001)^***

0.003 (0.001)^***

1.6120 (0.555)^***

Stat. F

50.10^***

52.72^***

54.88^***

64.88^***

Obs.

240

240

240

240