AGGREGATE UNCERTAINTY, FORWARD LOOKING BEHAVIOUR AND THE DEMAND FOR MANUFACTURING LABOUR IN THE UK
作者： Simon Price
DOI: 10.1111/J.1468-0084.1994.MP56003003.X
关键词:
摘要: Theory suggests that the level of uncertainty may affect output and employment decisions firms, although in general sign effect is ambiguous. A GARCH-M estimator used to model conditional variance GDP. This measure then employed backward- forward-looking specifications demand for manufacturing labor. The results are aggregate has a significant negative on dynamic specification be rejected against backward-looking alternative. Copyright 1994 by Blackwell Publishing Ltd
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