Spain: from massive immigration to vast emigration?

Table 2 Log odds of immigrating to Spain by foreigners and emigrating from Spain by Spaniards born in Spain

	Entry of foreigners				Exit of Spaniards born in Spain
	Fixed effects		CCE		Fixed effects		CCE
Variables	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
U(CCAA)–U(country)	−0.02967	−0.02920	−0.01029	−0.00951	0.03624	0.03661	0.02953	0.04394
	(0.00001)**	(0.00001)**	(0.00001)**	(0.00001)**	(0.00285)**	(0.00201)**	(0.00331)**	(0.00175)**
Time dummies	Yes	Yes	Yes	No	Yes	Yes	Yes	No
Country dummies	Yes	No	Yes	No	Yes	No	Yes	No
Region dummies	Yes	No	Yes	No	Yes	No	Yes	No
Pair country/region dummies	No	Yes	Yes	Yes	No	Yes	Yes	Yes
Auxiliary regressors	No	No	Yes	Yes	No	No	Yes	Yes
Constant	−8.184	−9.904	−0.095	−2.042	−5.737	−5.181	−6.245	−0.84414
	(0.00025)**	(0.00011)**	(0.00171)**	(0.00022)**	(0.04315)**	(0.01081)**	(0.38672)**	(0.10115)**
R-squared	0.88	0.71	0.89	0.78	0.76	0.19	0.79	0.30
Observations	6938	6938	6938	6938	2267	2267	2267	2267

Source: In columns 1 to 4, the dependent variable is the logarithm of entries from Estadística de Variaciones Residenciales by country of birth and region of destination in a particular year (1998–2012) over the population in the country of birth in the corresponding year (WEO) in thousands. In columns 5 to 8, the dependent variable is the logarithm of exits from Estadística de Variaciones Residenciales by region of residence and country of destination (2002–2012) over the population in the region of residence (padron) in thousands. Unemployment rates of regions in Spain are from the labour force survey and unemployment in origin countries at the WEO. The auxiliary regressors are the cross country average of all dependent and independent variables. Observations are weighted by the population of the origin country. Standard errors in parentheses
*p < 0.05; **p < 0.01