search query: @indexterm dynamic models / total: 269
reference: 78 / 269
Author: | Gouge, R. King, I. |
Title: | A competitive theory of employment dynamics |
Journal: | Review of Economic Studies
1997 : JAN, VOL. 64(1):218, p. 1-22 |
Index terms: | COMPETITION EMPLOYMENT DYNAMIC MODELS |
Language: | eng |
Abstract: | The authors develop a model of search and unemployment in an economy consisting of a large number of spatially separated local competitive labour markets and aggregate shocks are positively autocorrelated, the implied cyclical behaviour of the aggregate variables match those of empirical studies: worker movement and job creation are procyclical while total unemployment, job destruction and job reallocation are countercyclical. |
SCIMA