Dynamic Modelling of Stochastic Demand for Manufacturing Employment

1. Front Matter

   Pages N2-VI

   PDF

2. Introduction

   • Gerard A. Pfann

   Pages 1-13

3. A Prototype Model for Blue and White Collar Employment Decisions of Rational Entrepreneurs Under Uncertainty

   • Gerard A. Pfann

   Pages 13-42

4. Interrelated Demand Rational Expectations Models for Two Types of Labour and Predetermined Capital

   • Gerard A. Pfann

   Pages 42-69

5. Exogenous Shocks and Cointegration in Multivariate Flexible Accelerator Models of Labour and Capital

   • Gerard A. Pfann

   Pages 70-95

6. The Structure of Adjustment Costs for Labour in the Dutch Manufacturing Sector

   • Gerard A. Pfann

   Pages 95-108

7. Asymmetric Adjustment Costs of Labour in Nonlinear Rational Expectations Demand Models

   • Gerard A. Pfann

   Pages 109-135

8. Conclusions and Summary

   • Gerard A. Pfann

   Pages 135-142

9. Back Matter

   Pages 143-162

   PDF

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.

• Asymmetric adjustment costs
• Asymptotic least squares
• Generalized methods of moments
• Interrelated labour demand
• Nichtlineare dynamische Modelle
• Nonlinear dynamic models
• production

• Department of Economics, University of Limburg, Maastricht, The Netherlands

  Gerard A. Pfann

Policies and ethics