Structural change, aggregate demand and employment dynamics in the OECD, 1970 - 2010

Jochen Hartwig

The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol's model for the productivity regime is calibrated on - OECD data. The trajectory for employment predicted by the combination of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well.

MoreLess

Year of publication:	2013
Authors:	Hartwig, Jochen
Publisher:	Zürich : KOF
Subject:	Structural change \| demand growth \| productivity growth \| employment dynamics \| OECD panel data \| Strukturwandel \| OECD-Staaten \| OECD countries \| Erwerbstätigkeit \| Employment \| Produktivität \| Productivity \| Gesamtwirtschaftliche Nachfrage \| Aggregate demand \| Wirtschaftswachstum \| Economic growth \| Panel \| Panel study \| Schätzung \| Estimation \| Wirtschaftsstruktur \| Economic structure

Extent:	Online-Ressource (25 S.) graph. Darst.
Series:	KOF working papers. - Zürich : [Verlag nicht ermittelbar], ZDB-ID 2107617-0. - Vol. 343
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	10.3929/ethz-a-009992260 [DOI] hdl:10419/102974 [Handle]
Classification:	C23 - Models with Panel Data ; E12 - Keynes; Keynesian; Post-Keynesian ; E13 - Neoclassical ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; O41 - One, Two, and Multisector Growth Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010197410