Crecimiento, empleo y productividad en la industria manufacturera mexicana
In this article, we examine whether the Mexican manufacturing industry 'findings' of Kaldor and Verdoorn regarding the relationship between economic growth, changes in labor productivity and employment growth are verified over the 2007:01-2013:08 period. To this, after review the Verdoorn and Kaldor's theoretical and formal analysis aspects, we contrast the relevance of empirical regularities found by these authors based on modern econometric methodology. In particular, we establish the integration order of the series; we test non-causality in the Granger sense, cointegration analysis, regression analysis in levels and growth rates and we built the Error Correction Model (ECM). Finally, we evaluate the simulation and forecasting model's ability through diagnostic tests.
Volume (Year): VIII (2013)
Issue (Month): 2 ()
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