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Employment in Manufacturing A Longrun Relationship and Shortrun Dynamics

Employment in Manufacturing A Longrun Relationship and Shortrun Dynamics Examines the behaviour of UK employment in manufacturing over theperiod 1964 to 1986. The use of cointegration techniques allows theseparation of a longrun equilibrium relationship for employment fromits shortrun dynamics. The estimated model demonstrates a high degreeof parameter stability both within and outwith the sample period usedfor estimation. Given the noted sensitivity of other employmentequations to system shocks, the models performance pre andpost1979 is particularly noteworthy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Employment in Manufacturing A Longrun Relationship and Shortrun Dynamics

Journal of Economic Studies , Volume 19 (5) – May 1, 1992

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3585
DOI
10.1108/01443589210024809
Publisher site
See Article on Publisher Site

Abstract

Examines the behaviour of UK employment in manufacturing over theperiod 1964 to 1986. The use of cointegration techniques allows theseparation of a longrun equilibrium relationship for employment fromits shortrun dynamics. The estimated model demonstrates a high degreeof parameter stability both within and outwith the sample period usedfor estimation. Given the noted sensitivity of other employmentequations to system shocks, the models performance pre andpost1979 is particularly noteworthy.

Journal

Journal of Economic StudiesEmerald Publishing

Published: May 1, 1992

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