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Empirical Research in Vocational Education and Training
Fig. 7 | Empirical Research in Vocational Education and Training

Fig. 7

From: The effect of business cycle expectations on the German apprenticeship market: estimating the impact of Covid-19

Fig. 7

Marginal effects of the BCI (ceteris paribus) on the number of new apprenticeships (2007–2018) and predicted effects for the years 2019 and 2020. Notes: Blue line indicates to what extent changes in the ifo BCI (average value of the second quarter of each year) affect the annual number of new apprenticeship contracts signed by the end of the same year. Out-of-sample forecasts for the years 2019 and 2020 that include current ifo BCI data for January 2019 – June 2020. Data sources: Vocational training statistics of the statistical offices of the federal and state governments, ifo Business Climate Index

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