Showing 1 - 10 of 12
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10005097646
This study deals with the determinants of factor demand in 27 industries of the manufacturing sector during the period 1978 to 1990. Using a quadratic cost function, six production factors are distinguished : capital, energy, three types of labour and intermediate materials. A parametric test of...
Persistent link: https://www.econbiz.de/10005097784
We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
Persistent link: https://www.econbiz.de/10005098316
This paperanalyses the link between human capitaland information technology(IT ) in the service production process. The analysis is based on 1994 cross-sectional data for 1929 German. Firms drawn from the first wave of the Mannheim Service Innovation Panel (MIP-S). Factor demand functions are...
Persistent link: https://www.econbiz.de/10005097561
skill structure and employment expectations of the different skill categories. The analysis is based on cross-sectional data … both medium-skilled and unskilled workers. To account for censoring in the employment shares, the empirical analysis uses … employment expectations for workers with a university degree are positively related to the degree of ICT penetration. …
Persistent link: https://www.econbiz.de/10005097782
This paper examines the effects that purchased services and imported intermediate materials have on the labour demand for different skills in the manufacturing sector. We derive and estimate a factor demand system based on the generalised Box-Cox cost function nesting both the normalised...
Persistent link: https://www.econbiz.de/10005097976
at least 60 percent and 9 percent of the expanding employment of university graduates. In nonmanufacturing industries, we … different types of labor and material inputs play a minor role in explaining employment changes of highly skilled workers and …
Persistent link: https://www.econbiz.de/10005098005
This paper analyses the link between the high-skilled employment share and the level of investment in information …
Persistent link: https://www.econbiz.de/10005098206
of the introduction of information and communication technology (ICT) on actual labor demand as well as on employment … multivariate probit models. The empirical results suggest that OC has a positive effect on actual employment growth given output … and factor price changes. Furthermore, we find that organizational change has a positive impact on expected employment for …
Persistent link: https://www.econbiz.de/10005098219
employment for different types of labour in manufacturing. The empirical model allows for endogeneity of the firm?s innovation … market products is more important than any other measure of product innovation in determining the expected employment … graduates. Joint implementation of new products and new processes have a stronger impact on the employment expectations of …
Persistent link: https://www.econbiz.de/10005098344