Driffield, Nigel; Pal, Sarmistha - Institute for the Study of Labor (IZA) - 2008
dynamics, partial adjustment models, firm- and time-varying
speed, generalised methods of moments, inertia and endeavours …
1998). This highlights the controversy about the speed of adjustment, much of which
could be attributed to methodologies … year, a
speed that is more than double than the previous estimates. In contrast, Lemmon et al.
3
(2006) found that …