Haouas, Ilham; Yagoubi, Mahmoud; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2003
This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian …, output, quasi-fixed capital stock and technology. The empirical results show that in the long run, employment demand responds … greatest to value-added, followed by capital stock changes, and least by wages. The speed of adjustment in employment and the …