MacDonald, R. and Murphy, P.D. (1992) Employment in manufacturing: a long‐run relationship and short‐run dynamics. Journal of Economic Studies, 19(5), pp. 3-18. (doi: 10.1108/01443589210024809)
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Abstract
Examines the behaviour of UK employment in manufacturing over the period 1964 to 1986. The use of cointegration techniques allows the separation of a long‐run equilibrium relationship for employment from its short‐run dynamics. The estimated model demonstrates a high degree of parameter stability both within and outwith the sample period used for estimation. Given the noted sensitivity of other employment equations to system shocks, the model′s performance pre – and post‐1979 is particularly noteworthy.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | MacDonald, Professor Ronald |
Authors: | MacDonald, R., and Murphy, P.D. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Journal of Economic Studies |
Publisher: | Emerald Group Publishing Limited |
ISSN: | 0144-3585 |
ISSN (Online): | 1758-7387 |
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