Pelloni, Gianluigi; Polasek, Wolfgang - In: Computational Economics 21 (2003) 1, pp. 65-85
A VAR-GARCH-M model for aggregate employment and employment shares isdeveloped to explore the macroeconomic effects of sectoral shocks. Using U.S.,U.K. and German data, three main issues are investigated: the relevance ofshocks volatility; the amount of aggregate employment growth...