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The paper empirically investigates the relationship between productivity and employment in Republic of Korea using structural vector autoregression (VAR) models. Productivity-enhancing technology shocks significantly increase hours worked, which lends support to the real business cycle theory....
Persistent link: https://www.econbiz.de/10003758383
Persistent link: https://www.econbiz.de/10003967386
The paper empirically investigates the relationship between productivity and employment in Republic of Korea using structural vector autoregression (VAR) models. Productivity-enhancing technology shocks significantly increase hours worked, which lends support to the real business cycle theory....
Persistent link: https://www.econbiz.de/10010507235