haku: @indexterm LABOUR DEMAND / yhteensä: 34
viite: 23 / 34
| Tekijä: | |
| Otsikko: | On the endogeneity of output in dynamic labour-demand models |
| Lehti: | Empirical Economics
1997 : VOL. 22:3, p. 393-408 |
| Asiasana: | LABOUR DEMAND MODELS OUTPUT EXPECTATIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper estimates the parameters of a standard dynamic labour-demand model that allows for autocorrelation and heteroscedasticity by using a General Methods of Moments technique. The study tests whether the potential endogeneity of output is presented by including both the expected output variable and the current output variable in the same labour demand equation. It appears that the coefficient of current output is strongly significant implying that the endogeneity of current output cannot be rejected in the context of a dynamic labour demand model. To measure the impact of output properly, information is needed on the output expectations of entrepreneurs. |
SCIMA