Testing a discrete switching disequilibrium model of the UK labour market.
Journal of Applied Econometrics
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.
|Title:||Testing a discrete switching disequilibrium model of the UK labour market|
|UCL classification:||UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics|
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