IDEAS home Printed from https://ideas.repec.org/a/ecj/econjl/v99y1989i396p347-65.html
   My bibliography  Save this article

Intertemporal Rules with Variable Speed of Adjustment: An Application to U.K. Manufacturing Employment

Author

Listed:
  • Burgess, Simon M
  • Dolado, Juan J

Abstract

This paper presents a procedure to estimate intertemporal dynamic decision rules where adjustment costs are assumed to be variable. The estimation is based on the Euler equation. For purposes of illustration, the authors concentrate on an employment function for the U.K. manufacturing sector where they find very significant effects of some variables that influence adjustment costs. Finally, they point out an empirical result that has interesting implications when evaluating tests of "efficient bargain" models. Copyright 1989 by Royal Economic Society.

Suggested Citation

  • Burgess, Simon M & Dolado, Juan J, 1989. "Intertemporal Rules with Variable Speed of Adjustment: An Application to U.K. Manufacturing Employment," Economic Journal, Royal Economic Society, vol. 99(396), pages 347-365, June.
    • Handle: RePEc:ecj:econjl:v:99:y:1989:i:396:p:347-65
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0013-0133%28198906%2999%3A396%3C347%3AIRWVSO%3E2.0.CO%3B2-P&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Craighead, William D., 2009. "Real rigidities and real exchange rate volatility," Journal of International Money and Finance, Elsevier, vol. 28(1), pages 135-147, February.
    2. Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2004. "Unions and Employment in Uruguay," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 435-496, National Bureau of Economic Research, Inc.
    3. Saavedra-Chanduví, Jaime & Torero, Máximo, 2000. "Labor Market Reforms and Their Impact on Formal Labor Demand and Job Market Turnover: The Case of Peru," IDB Publications (Working Papers) 3269, Inter-American Development Bank.
    4. Burgess, Simon M & Knetter, Michael M, 1998. "An International Comparison of Employment Adjustment to Exchange Rate Fluctuations," Review of International Economics, Wiley Blackwell, vol. 6(1), pages 151-163, February.
    5. Alvaro Escribano & Oscar Jorda, "undated". "Improved Testing And Specification Of Smooth Transition Regression Models," Department of Economics 97-26, California Davis - Department of Economics.
    6. Hwan-Joo Seo & Han Sung Kim & Young Soo Lee, 2015. "Globalization and Labor Demand Elasticities: Empirical Evidence from Nine OECD Countries," Korean Economic Review, Korean Economic Association, vol. 31, pages 413-439.
    7. Saavedra Chanduvi, Jaime & Maruyama Sasaki, Eduardo, 2000. "Estabilidad laboral e indemnizaciómn: efectos de los costos de despido sobre el funcionamiento del mercado laboral peruano," Working Papers 37813, Group for the Analysis of Development (GRADE).
    8. Stuart Glosser & Lonnie Golden, 2005. "Is labour becoming more or less flexible? Changing dynamic behaviour and asymmetries of labour input in US manufacturing," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(4), pages 535-557, July.
    9. Hassink, W.H.J. & Broersma, L., 1993. "Labour demand and job-to-job movement : macro-consequences as a result from micro-economic behaviour," Serie Research Memoranda 0001, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    10. Robertson, Raymond & Dutkowsky, Donald H., 2002. "Labor adjustment costs in a destination country: the case of Mexico," Journal of Development Economics, Elsevier, vol. 67(1), pages 29-54, February.
    11. Jaime Saavedra & Mhmo Torero, 2004. "Labor Market Reforms and Their Impact over Formal Labor Demand and Job Market Turnover. The Case of Peru," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 131-182, National Bureau of Economic Research, Inc.
    12. Sarah Brown & Gaia Garino & Christopher Martin, 2007. "Labour Turnover and Firm Performance," Working Papers 2007012, The University of Sheffield, Department of Economics, revised Sep 2007.
    13. Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2000. "The Effect of Unions on Employment: Evidence from an Unnatural Experiment in Uruguay," NBER Working Papers 7501, National Bureau of Economic Research, Inc.
    14. Adriana Cassoni & Steven G. Allen & Gaston J. Labadie, 2000. "Sindicatos y empleo en Uruguay," Research Department Publications 3093, Inter-American Development Bank, Research Department.
    15. Mauricio Cardenas & Raquel Bernal, 2004. "Determinants of Labor Demand in Colombia. 1976-1996," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 229-272, National Bureau of Economic Research, Inc.
    16. Erhan Artuc & Gladys Lopez-Acevedo & Raymond Robertson & Daniel Samaan, 2019. "Exports to Jobs," World Bank Publications - Books, The World Bank Group, number 31274, December.
    17. Christian Haefke & Monique Ebell, 2004. "The Missing Link: Product Market Regulation, Collective Bargaining and the European Unemployment Puzzle," 2004 Meeting Papers 759, Society for Economic Dynamics.
    18. Charles A. Fleischman, 1997. "The GMM parameter normalization puzzle," Finance and Economics Discussion Series 1997-43, Board of Governors of the Federal Reserve System (U.S.).
    19. Adriana Cassoni, 1999. "Labour demand in Uruguay before and after re-unionisation," Documentos de Trabajo (working papers) 0199, Department of Economics - dECON.
    20. Daniel S. Hamermesh, 1992. "Spatial and Temporal Aggregation in the Dynamics of Labor Demand," NBER Working Papers 4055, National Bureau of Economic Research, Inc.
    21. Brown, Sarah & Garino, Gaia & Martin, Christopher, 2009. "Firm performance and labour turnover: Evidence from the 2004 workplace employee relations survey," Economic Modelling, Elsevier, vol. 26(3), pages 689-695, May.
    22. Daniel S. Hamermesh, 2004. "Labor Demand in Latin America and the Caribbean. What Does It Tell Us?," NBER Chapters, in: Law and Employment: Lessons from Latin America and the Caribbean, pages 553-562, National Bureau of Economic Research, Inc.
    23. Abdulnasser Hatemi-J & Manuchehr Irandoust, 2006. "The response of industry employment to exchange rate shocks: evidence from panel cointegration," Applied Economics, Taylor & Francis Journals, vol. 38(4), pages 415-421.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:99:y:1989:i:396:p:347-65. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/resssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.