Empirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano.: FB3-2/95-3E-PDF
The author uses a linear-quadratic model and attempts to estimate the relative adjustment costs of labour demand as well as its rate of adjustment towards long-run equilibrium. In contrast to others who have examined the dynamic behaviour of labour demand, the author estimates the structural parameters using the Euler equation and employs a limited-information approach that does not require an explicit solution for the model's control variables in terms of the forcing processes.--Abstract
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publications.gc.ca/pub?id=9.571634&sl=0
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| Title | Empirical evidence on the cost of adjustment and dynamic labour demand / by Robert A. Amano. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Other formats | Physical text-[English] |
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| Description | 39p.graphs, references, tables |
| ISSN | 1701-9397 |
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