Rational expectations of the errors-in-variables type and expectations series quantified from qualitative business survey data are compared in the estimation of a dynamic labor-demand model for the Finnish manufacturing. Replacing future expected values of variables by realizations creates a...

This paper studies the stability and dynamic properties of labor demand in West German manufacturing with output, an index of total factor productivity, and relative factor prices as independent variables. Several integration tests for seasonal time series are performed allowing for a mixture of...

This paper develops a dynamic model of Norwegian manufacturing wages which is consistent with the temporal properties of the data. The stability of the equation is tested by recursive methods. In a hypothetical steady-state, the wage-share is conditional on unemployment and a wedge term. Hence,...

This paper is an empirical examination of job-search methods and intensity based on a survey of the stock of the unemployed in Great Britain in September 1982. There are three main findings. First, the level of unemployment benefits is found to exert a very weak, independent influence on the...

This paper applies the logistic case of the error correction mechanism to the empirical analysis of the demand for commodity exports of the developing countries. Its appropriateness for the characterization of the data-generating process of the demand for commodity exports is illustrated, and...