This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over the period 1971– 96. The adjustment process is industry and time specific. The adjustment parameter is specified in terms of factors...

This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over a period of 25 years, from 1971 to 1996. Industries are assumed to adjust their labor inputs toward a desired level. A labor requirement...