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 … amount of aggregate employment growth variationaccounted for by re-allocation shocks and the amount of aggregate innovation …-M component indicates the presence of volatility clustering and the feedback of volatilities on aggregate employment and sectoral …