Technology Shocks and Hours Worked : A Fractional Integration Perspective

Previous research has found that the response of hours worked to a technology shock crucially depends on whether the variable hours is assumed to be an I(0) or an I(1) variable ex-ante. In this paper we employ a multivariate fractionally integrated model which allows us to determine simultaneously the order of integration of hours worked and the response of hours to a technology shock. We find that hours fall on impact in response to a positive technology shock

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Year of publication:	2006
Authors:	Gil-Alana, Luis A. ; Moreno, Antonio
Publisher:	[S.l.] : SSRN
Subject:	Technischer Fortschritt \| Technological change \| Arbeitszeit \| Working time \| Schock \| Shock \| Theorie \| Theory \| VAR-Modell \| VAR model

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Extent:	1 Online-Ressource (44 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 30, 2005 erstellt
Other identifiers:	10.2139/ssrn.874405 [DOI]
Classification:	C12 - Hypothesis Testing ; C22 - Time-Series Models ; C32 - Time-Series Models ; C51 - Model Construction and Estimation ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014060213