**Table 5. Business use of digital technology and labor market regulations: Multivariate correlations**

|VARIABLES|||||||**Busines**|**s use of the i**|**nternet: lin**|**t_usage: ldi**|**g_bus_pca**|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||1|2|3|4|5|6|7|8|9|10|11|12|13|14|15|16|17|
|lgdppcppp|1.254***|2.270***|1.664***|1.338***|1.448***|1.432***|1.287***|1.431***|1.302***|2.296***|1.499***|1.248***|1.213***|2.297***|1.512***|1.242***|1.192***|
||(10.28)|(11.08)|(11.02)|(10.33)|(10.69)|(10.42)|(9.941)|(10.37)|(9.874)|(9.655)|(8.522)|(8.536)|(7.893)|(10.08)|(8.511)|(8.593)|(7.890)|
|lwdi_inflation|-0.140|-0.165|-0.242*|-0.123|-0.131|-0.152|-0.144|-0.115|-0.0879|-0.124|-0.208|-0.0725|-0.0482|-0.111|-0.227|-0.0954|-0.0895|
||(-1.079)|(-1.205)|(-1.686)|(-0.940)|(-0.967)|(-1.112)|(-1.117)|(-0.802)|(-0.666)|(-0.806)|(-1.334)|(-0.505)|(-0.326)|(-0.736)|(-1.446)|(-0.679)|(-0.636)|
|lopeness|0.590***|0.352**|0.622***|0.786***|0.747***|0.703***|0.752***|0.640***|0.745***|0.385**|0.780***|0.958***|0.907***|0.376*|0.742***|0.930***|0.856***|
||(2.652)|(2.043)|(2.776)|(3.533)|(3.186)|(2.982)|(3.470)|(2.647)|(3.323)|(2.020)|(3.132)|(3.818)|(3.580)|(1.988)|(2.960)|(3.776)|(3.439)|
|linf_index|3.339***|0.940|2.145***|3.551***|3.358***|3.348***|3.657***|3.318***|3.627***|0.721|2.827***|3.843***|3.886***|0.858|2.710***|3.657***|3.742***|
||(5.852)|(1.646)|(3.125)|(6.437)|(5.788)|(5.671)|(6.710)|(5.571)|(6.566)|(0.993)|(3.242)|(6.115)|(6.151)|(1.309)|(3.262)|(6.021)|(6.122)|
|lmwtova_pw||0.591***|-0.0834|0.361**|0.357**|0.337**|0.346**|0.352**|0.377**|0.593***|-0.0516|0.368**|0.367**|0.609***|-0.0701|0.366**|0.350**|
|||(3.479)|(-0.515)|(2.409)|(2.242)|(2.088)|(2.352)|(2.175)|(2.515)|(3.012)|(-0.290)|(2.191)|(2.165)|(3.248)|(-0.399)|(2.226)|(2.120)|
|lrest_oecd||-0.979***||||||||-1.088***||||-1.100***||||
|||(-3.325)||||||||(-3.034)||||(-3.116)||||
|lrest_ilo|||-0.303||||||||-0.323||||-0.195|||
||||(-0.776)||||||||(-0.738)||||(-0.441)|||
|lepl_db||||-0.893***||||||||-0.886***||||-0.832***||
|||||(-4.416)||||||||(-3.670)||||(-3.396)||
|lrig_hours|||||-0.270*||||-0.254||||-0.128||||-0.0675|
||||||(-1.670)||||(-1.644)||||(-0.589)||||(-0.324)|
|ldif_hir_idx||||||0.0647|||-0.130||||-0.121||||-0.172|
|||||||(0.469)|||(-0.948)||||(-0.801)||||(-1.139)|
|ldif_firing_idx|||||||-0.387***||-0.389***||||-0.392***||||-0.372***|
||||||||(-4.730)||(-4.579)||||(-3.997)||||(-3.899)|
|lfiring_cost_idx||||||||0.359|0.267||||0.205||||0.205|
|||||||||(1.480)|(1.196)||||(0.816)||||(0.851)|
|loads_ins||||||||||0.0174|-0.0548|-0.00495|0.0541|||||
|||||||||||(0.128)|(-0.249)|(-0.0265)|(0.284)|||||
|loads_emp||||||||||0.161|0.0812|-0.00463|-0.107|||||
|||||||||||(1.123)|(0.376)|(-0.0233)|(-0.527)|||||
|lossp_ins||||||||||||||0.0129|0.107|0.202|0.244|
|||||||||||||||(0.0750)|(0.471)|(1.062)|(1.275)|
|lossp_emp||||||||||||||0.182|-0.181|-0.0538|-0.241|
|||||||||||||||(1.128)|(-0.726)|(-0.267)|(-1.164)|
|Constant|-14.37***|-18.75***|-17.24***|-14.57***|-16.50***|-16.29***|-15.41***|-16.99***|-16.02***|-19.27***|-17.31***|-14.86***|-15.90***|-19.49***|-16.67***|-14.79***|-15.04***|
||(-12.31)|(-10.64)|(-11.78)|(-11.65)|(-12.60)|(-11.21)|(-12.95)|(-11.66)|(-10.49)|(-9.857)|(-11.07)|(-11.08)|(-9.549)|(-10.10)|(-9.937)|(-10.90)|(-8.744)|
|Observations|138|63|70|116|119|119|117|116|116|55|58|99|99|57|59|102|102|
|Rd|0802|0895|0894|0842|0819|0815|0846|0818|0852|0894|0900|0842|0849|0895|0901|0843|0851|
|-square|.|.|.|.|.|.|.|.|.|.|.|.|.|.|.|.|.|
|t-statistics in pare<br>***p<0.01,**p<0|ntheses<br>.05,*p<0.1|||||||||||||||||

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