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The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience
L'Horty, Yannick; Rault, Christophe - 2003
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10010275663
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The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience
L’Horty, Yannick; Rault, Christophe - Institute for the Study of Labor (IZA) - 2003
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10005703692
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Long-run strong-exogeneity
Rault, Christophe - In: Economics Bulletin 31 (2011) 1, pp. 1-8
This note supplements the paper by Pradel and Rault (2003) "Exogeneity in VAR-ECM models with purely exogenous long … cointegration amongst "endogenous" and "exogenous" variables and also between cointegrating vectors appearing in the equations of …-run strong-exogeneity" has a practical appealing aspect since it permits valid long-run forecasts from the conditional model …
Persistent link: https://www.econbiz.de/10008784411
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The Impact of Growth, Labour Cost and Working Time on Employment : Lessons from the French Experience
L'Horty, Yannick; Rault, Christophe - 2021
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10013319764
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Further results on weak-exogeneity in vector error correction models
Rault, Christophe - Econometric Society - 2004
This paper provides a necessary and sufficient condition for weak exogeneity in vector error correction models. An …
Persistent link: https://www.econbiz.de/10005702765
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Inflation, Minimum Wage and Other Wages: An Econometric Study on French Macroeconomic Data
L'Horty, Yannick; Rault, Christophe - 2003
This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC) through a vectorial error correction model estimated on French quarterly macroeconomic data covering the 1970-1/1999-4 period. Two periods are distinguished: the period of inflation...
Persistent link: https://www.econbiz.de/10010261586
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Inflation, Minimum Wage and Other Wages: An Econometric Study on French Macroeconomic Data
L'Horty, Yannick; Rault, Christophe - Institute for the Study of Labor (IZA) - 2003
This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC) through a vectorial error correction model estimated on French quarterly macroeconomic data covering the 1970-1/1999-4 period. Two periods are distinguished: the period of inflation...
Persistent link: https://www.econbiz.de/10005233863
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Why Is French Equilibrium Unemployment So High?
L'horty, Yannick; Rault, Christophe - In: Journal of Applied Economics VI (2003) May, pp. 127-156
, which is based upon the weak exogeneity properties of variables over the 1970-1/1996-4 period. The rise in equilibrium …
Persistent link: https://www.econbiz.de/10005260547
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Unemployment and finance: how do financial and labour market factors interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gaël - 2009
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10010276985
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Labour market institutions and unemployment: Does finance matter?
Rault, Christophe; Vaubourg, Anne-Gaël - 2011
We explore whether finance influences the impact of labour market institutions on unemployment. Using a data set of 18 OECD countries over 1980-2004, we estimate a panel VectorAutoRegressive model. We check whether causalities from labour market variables to unemployment are affected by...
Persistent link: https://www.econbiz.de/10010278802