Output and Employment Fluctuations by Klaus F. ZimmermannOutput and Employment Fluctuations by Klaus F. Zimmermann

Output and Employment Fluctuations

EditorKlaus F. Zimmermann

Hardcover | April 6, 1994

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This book consists of four parts: I. Labour demand andsupply, II. Productivity slowdown and innovative activity,III. Disequilibrium and business cycle analysis, and IV.Time series analysis of output and employment. It presents afine selection of articles in the growing field oftheempirical analysis of output and employment fluctuationswith applications in a micro-econometric or a time-seriesframework. The time-series literature recently hasemphasized the careful testing for stationarity andnonlinearity in the data, and the importance ofcointegration theory. An essential part of the papers makeuse of parametric and non-parametric methods developed inthis literature and mostly connect their results to thehysteresis discussion about the existence of fragileequilibria. A second set of macro approaches use thedisequilibrium framework that has found so much interest inEurope in recent years. The other papers use newly developedmethods for microdata,especially qualitative data orlimited dependent variables to study microeconomic models ofbehaviour that explain labour market and output decisions.
Title:Output and Employment FluctuationsFormat:HardcoverDimensions:264 pagesPublished:April 6, 1994Publisher:Physica-Verlag HD

The following ISBNs are associated with this title:

ISBN - 10:3790807540

ISBN - 13:9783790807547


Table of Contents

Prefatory Note.- I: Labour Demand and Supply.- Demand Uncertainty and Labour Input in a Bivariate ARCH-M Model.- Income, Uncertainty and the Probability of Self-Employment.- The Demographics of Labour Turnover: A Comparison of Ordinal Probit and Censored Count Data Models.- II: Productivity Slowdown and Innovative Activity.- The "Public Capital Hypothesis": The Case of Germany.- Semi-Nonparametric Estimation of Binary Choice Models Using Panel Data: An Application to the Innovative Activity of German Firms.- III: Disequilibrium and Business Cycle Analysis.- The Importance of Rationing in International Trade: An Econometric Analysis for Germany.- Overtime Work, Lack of Labour, and Structural Mismatch: Some Extensions of the "European Unemployment Programme" Framework.- International Business Cycles and Long-Run Growth: An Analysis with Markov-Switching and Cointegration Methods.- IV: Time Series Analysis of Output and Employment.- Persistence and Seasonality in Output and Employment of the Federal Republic of Germany.- Illusive Persistence in German Unemployment.- On the Long-run Relationship Between Money, Output and Interest Rates: A Cointegration Analysis for West Germany.- Modelling Cyclical Asymmetry in a Production Series Using Threshold Autoregressive Models.- Summary of Articles.- Selected Publications of Heinz König.