Employment, output and political business cycle effects in the Greek non-tradable sector
AbstractStarting from a theoretical model with traded and non-traded goods, a long-run labour demand equation is identifed, with employment being proportional to relative output and prices. Using Greek data, the model supports weak exogeneity of relative prices and fiscal expansion with respect to the long-run parameters in the cointegrating space. It also highlights structural rigidities in the functioning of the Greek labour market. Political business cycle and partisan effects are shown to affect the short-run employment decisions.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 32 (2000)
Issue (Month): 2 ()
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- Sahin, Afsin & Tansel, Aysit & Berument, Hakan, 2013.
"Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective,"
IZA Discussion Papers
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- Afsin Sahin & Aysit Tansel & M.Hakan Berument, 2013. "Output-Employment Relationship across Sectors:A Long- versus Short-Run Perspective," ERC Working Papers 1305, ERC - Economic Research Center, Middle East Technical University, revised May 2013.
- Afþin Þahin & Aysýt Tansel & M. Hakan Berument, 2013. "Output-Employment Relationship Across Sectors: A Long- Versus Short-Run Perspective," Working Papers 2013/9, Turkish Economic Association.
- Sahin, Afsin & Tansel, Aysit & Berument, Hakan, 2011. "Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective," MPRA Paper 46875, University Library of Munich, Germany, revised 07 Jun 2012.
- Afsin Sahin & Aysit Tansel & M. Hakan Berument, 2013. "Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective," KoÃ§ University-TUSIAD Economic Research Forum Working Papers 1311, Koc University-TUSIAD Economic Research Forum.
- Yi-Hsien Wang & Chung-Chu Chuang, 2009. "Selecting the portfolio investment strategy under political structure change in United States," Quality & Quantity: International Journal of Methodology, Springer, vol. 43(5), pages 845-854, September.
- Chin-Tsai Lin & Yi-Hsien Wang, 2005. "An Analysis of Political Changes on Nikkei 225 Stock Returns and Volatilities," Annals of Economics and Finance, Society for AEF, vol. 6(1), pages 169-183, May.
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