NDLI: On the endogeneity of output in dynamic labour-demand models

Content Provider	Springer Nature Link
Author	Gorter, Cees Hassink, Wolter Nijkamp, Peter Pels, Eric
Copyright Year	1997
Abstract	This paper investigates the endogeneity of output in the context of the standard dynamic labour-demand model. Using a panel of Dutch firms, we find that the assumption of endogeneity of output cannot be rejected, so that an adjusted procedure has to be followed in which information on the output expectations of entrepreneurs is used. The estimated effect of the endogenous, current output variable on employment appears to be significantly larger than the effect of the exogenous, expected output variable. The adjustment parameter of employment is however, remarkably robust against distinct specifications for output.
Starting Page	393
Ending Page	408
Page Count	16
File Format	PDF
ISSN	03777332
Journal	Empirical Economics
Volume Number	22
Issue Number	3
e-ISSN	14358921
Language	English
Publisher	Physica-Verlag
Publisher Date	1997-01-01
Publisher Place	Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Labour Demand Output Expectations Statistics for Business/Economics/Mathematical Finance/Insurance Economics general Econometrics Economic Theory
Content Type	Text
Resource Type	Article
Subject	Statistics and Probability Social Sciences Economics and Econometrics

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On the endogeneity of output in dynamic labour-demand models