Study Of Labour Dynamics Using The Semi-Markovian Processes
AbstractThe current paper attempts to describe the labor market parameter dynamics using a different method, namely the semi-Markovian processes. This method allows for the labor market study without the large fluctuations that occurred at a certain moment in time impinging upon the results of the future estimations. This method, like other statistic and econometric methods provide the economic agent with information for adopting long run decisions, through which possible development trajectories are drawn for economic, budgetary and financial strategies.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Journal for Economic Forecasting.
Volume (Year): (2002)
Issue (Month): 4 (December)
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labour force dynamics; semi-Markow processes;
Find related papers by JEL classification:
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
- C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
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