ENGLISH

Dynamic Modelling of Stochastic Demand for Manufacturing Employment

By Dr. Gerard A. Pfann (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
1990
ISBN
978-3-540-52881-4, 978-3-642-45676-3
DOI
10.1007/978-3-642-45676-3
Language
english
Format
PDF
Filesize
5 MB (5243200 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 349
Edition
1
Pages
158\168
Time added
2014-01-18 08:00:00
Economic Theory; Population Economics

Description

In this book interrelated factor demand models are surveyed. New methods are developed and are analysed empirically using Dutch and U.K. time series data. New methods are discussed for obtaining closed form solutions of linear ratinal expectations models, providing deeper insights into the identification of structural parameters of underlying theoretical models; recently developed time series techniques are applied in order to estimate structural parameters and test for model specification, stationarity and stability through time; new models are developed in which the rather stringent and questionable restrictions of symmetry generally imposed upon stochastic adjustment models of labour demand are relaxed, the models are analysed empirically using time series data of Dutch and U.K. manufacturing production and nonproduction workers.

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