Showing 1 - 10 of 53
-integrating vectors. These cointegration vectors are both rejected for the sample period, indicating that the public sector will not be …
Persistent link: https://www.econbiz.de/10005649210
In cointegration analysis, when considering a hypothesis of the kind beta =(H_1*phi_1,...,H_n*phi_n) the estimator is a …
Persistent link: https://www.econbiz.de/10005649252
Applied cointegration analysis has much to gain from strong links with economic theory. For example, the current … important information about the economic structure can be found in the short run dynamics, which most cointegration studies …
Persistent link: https://www.econbiz.de/10005649339
We study three necessary conditions for work sharing to increase employment. First, there must exist a negative long-run relation between working time and employment. Second, hours per worker must be exogenous with respect to wages and employment. Third, policy makers must be able to influence...
Persistent link: https://www.econbiz.de/10005207204
Based on direct information on hires and separations for 11.000 establishments during 11 years, we report new evidence that around half of job and worker flows stem from temporary contracts which account for only around 10 percent of employment. The share of temporary contracts is positively...
Persistent link: https://www.econbiz.de/10005649143
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the...
Persistent link: https://www.econbiz.de/10005649232
Centralized wage-setting institutions compress relative wages. Motivated by this fact, we investigate the effects of centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 and compare it to the U.S. distribution over the...
Persistent link: https://www.econbiz.de/10005649240
We compare the relation between foreign affiliate production and parent employment in U.S. manufacturing multinationals with that in Swedish firms. U.S. multinationals appear to have allocated some of their more labor intensive operations selling in world markets to affiliates in developing...
Persistent link: https://www.econbiz.de/10005649255
This paper presents a dynamic adjustment model of employment. The model is applied to a panel of ten Zimbabwean manufacturing industries observed over the period 1970-1993. The adjustment process is industry and time specific. The adjustment parameter is specified in terms of factors affecting...
Persistent link: https://www.econbiz.de/10005649448
fractional cointegration than incorporating it when it is not present. …
Persistent link: https://www.econbiz.de/10005207187