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Total Factor Productivity Growth and Employment: A Simultaneous Equations Model Estimate

Ladu, Maria Gabriela (2005) Total Factor Productivity Growth and Employment: A Simultaneous Equations Model Estimate. Working Paper. CRENoS.

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Official URL: http://www.crenos.it/working/pdf/05-06.pdf

Abstract

This paper provides a structural estimation of the recent model proposed by Pissarides and Vallanti, a simplified equilibrium model which draws heavily on models with frictions and quasi-rents. The structural model is a system of three equations. The estimation method is a three-stage least squares. My empirical results find that although faster TFP growth temporarily decreases employment, most likely be- cause job destruction reacts faster to schocks than job creation does, after the first year I do not find any statistically significant effect of growth on employment.

Item Type:Technical Report / Working Paper / Project Report (Working Paper)
Publisher:CRENoS
Date:2005
Institution:Universita' degli Studi di Cagliari
Divisions:Centri > CRENoS Centro Ricerche Economiche Nord Sud
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/06 Economia applicata
Uncontrolled Keywords:Total Factor Productivity, Job Creation, Job De-struction, Employment
ID Code:243
Deposited On:10 Nov 2008 10:45

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