haku: @author Funke, M. / yhteensä: 10
viite: 8 / 10
| Tekijä: | FitzRoy, F. Funke, M. |
| Otsikko: | Real wages, investment and employment new evidence from West German sectoral data |
| Lehti: | Weltwirtschaftliches Archiv
1994 : VOL. 130:2, p. 258-272 |
| Asiasana: | PAY WEST GERMANY EMPLOYMENT |
| Kieli: | eng |
| Tiivistelmä: | Non-separable capital adjustment costs imply that investment directly affects the demand for labour and therefore justify not only the lagged dependent variable but also the presence of investment expenditures or Tobin's valuation ration Q in labour demand estimation. On this basis, the authors estimate a very parsimonious specification of demand for blue-collar workers in a panel of thirty two industries which are situated in West Germany. |
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