Testing a Discrete Switching Disequilibrium Model of the UK Labour Market.

This paper develops a test procedure for serial correlation for discrete switching disequilibrium models which include both an endogenous price adjustment equation and lagged dependent variables. The tests are applied to a model of the U.K. labor market and the model is respecified in the light of the test results. Copyright 1992 by John Wiley & Sons, Ltd.

MoreLess

Year of publication:	1992
Authors:	Hall, S G ; Henry, S G B ; Pemberton, M
Published in:	Journal of Applied Econometrics. - John Wiley & Sons, Ltd.. - Vol. 7.1992, 1, p. 83-91
Publisher:	John Wiley & Sons, Ltd.

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823681