Fluctuations in Employment Growth : National or Sector-Specific Disturbances?  

Oleh:

Samson, Lucie

Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 3 no. 3 (1991), page 271-284.
Topik: employment; fluctuations; employment growth; national; sector - specific; disturbances

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper studies the fluctuations in employment growth of eight industrialized countries across nine sectors of production with the help of a statistical model combined with a more traditional regression analysis. The main finding is that both sector - specific and aggregate disturbances have played an important role in accounting for these employment fluctuations over the 1968 – 85 period. Moreover, the restriction that monetary policy has a similar impact on all sectors of production within each country is not rejected by the data when it is tested simultaneously for all countries. When the restriction is imposed on a country - by - country basis, it is rejected by only one country, Sweden, for which a broader monetary aggregate was used.

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