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This paper presents some results of a study which develops and tests an econometric model of the Canadian automotive manufacturing industry. Annual behaviour over the 1948-1964 period is examined by utilizing eighteen stochastic equations and four major identities. The research strategy follows...
Persistent link: https://www.econbiz.de/10005787687
Persistent link: https://www.econbiz.de/10005490199
This paper outlines a workable statistical model which circumvents some of the severe institutional problems which exist at the disaggregate individual industry level. In addition, this model should permit the generation of useful sectoral information for the refinement of aggregate analysis.
Persistent link: https://www.econbiz.de/10005653029
During the past decade, a considerable amount of econometric research has been devoted to the explanation of movements in wages. Most empirical studies have used a basic disequilibrium model, first suggested by Philips, in which the change in money wage rates is related to the level of...
Persistent link: https://www.econbiz.de/10005688492