Output and Staff Number in Hungarian Manufacturing before, during and after the Crisis
The paper describes outcomes of recent research about connection between output and staff number related to specific sectors of manufacturing in Hungary. The method was to examine the existence of a linear relationship between the variables with cross correlation and regression modelling. The examined period includes the nadir of the crisis and the first years of recovery. In the textile and food industries co-movement of time series show a strong correlation between output and staff number. There is a strong positive correlation in the case of the automotive industry, but no linear relationship can be proved between the variables in the chemical industry.
Volume (Year): 9 (2013)
Issue (Month): 02 ()
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- Steven J. Davis & John C. Haltiwanger & Scott Schuh, 1998. "Job Creation and Destruction," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262540932, June.
- Gabor Kertesi & Janos Kollo, 2002. "Labour Demand with Heterogeneous Labour Inputs after the Transition in Hungary, 1992-1999 - and the Potential Consequences of the Increase of Minimum Wage in 2001 and 2002," Budapest Working Papers on the Labour Market 0205, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
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- Zimmermann, Klaus F, 1991. "The Employment Consequences of Technological Advance, Demand and Labor Costs in 16 German Industries," Empirical Economics, Springer, vol. 16(2), pages 253-66.
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