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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/10011442393
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/10011444593
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/10011445626
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/10011446141
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/10011446697