Ladu, Maria Gabriela (2005) Total Factor Productivity Growth and Employment: A Simultaneous Equations Model Estimate. Working Paper. CRENoS.
Official URL: http://www.crenos.it/working/pdf/05-06.pdf
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)|
|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|
|Deposited On:||10 Nov 2008 10:45|
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