Based on an analysis of dynamic inter-related factor demand functions estimated for different industry groups over the period 1960-61 to 1993-94, the present study provides evidence of existence of significant adjustment lags in employment which can complement other documented factors in providing an explanation for the observed relative movement in output and employment groeth. In terms of the econometric approach, the present study attempts to fill some of the gaps in earlier empirical work by highlighting the importance of inter-relatedness in factor demand and the heterogeneity across labour types as well as across industries.
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Paper provided by Indira Gandhi Institute of Development Research- in its series Papers with number
149.
Length: 64 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:indgan:149
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Find related papers by JEL classification: O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General C60 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - General
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