Leverage as a Conditioning Variable for Employment: An Analysis of a Panel of West German Manufacturing Firms

This paper reports an attempt to implement financial factors into a neoclassical model of optimal factor demand. The theoretical shows that factor demand decisions of firms operating under monopolistic competition or with decreasing returns to scale are affected by financial restrictions. The theoretical model is estimated using West German firm data from 1987 to 1994.

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Year of publication:	1998-04
Authors:	Funke, Michael ; Strulik, Holger
Institutions:	Institut für Makroökonomie und Wirtschaftspolitik, Fachbereich Volkswirtschaftslehre
Subject:	Financial Restrictions \| Labour Demand \| Panel Data

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Extent:	application/postscript
Series:	Quantitative Macroeconomics Working Papers.
Type of publication:	Book / Working Paper
Classification:	J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823538