Regional Convergence in Greece (1995–2005): A Dynamic Panel Perspective

Table 1

LS with structural variables—NUTS II.

Εstimates	Regression results	𝑡-statistic and 𝑃 value
𝑎	0.14 (0.15)	0.94	0.37
𝑏	0.021 (0.016)	1.29	0.33
agr	0.000016 (0.004)	0.004	0.99
ind	0.00005 (0.003)	0.014	0.98
Ser	0.010** (0.003)	3.24	0.012
𝑅-squared	0.59	—
Adjusted 𝑅-squared	0.39	—

Numbers in parentheses is the standard deviation. Single asterisk (*): significance at 1%, Double asterisk (**): significance at 5%.