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Testing a discrete switching disequilibrium model of the UK labour market

Hall, S.G.; Henry, S.G.B.; Pemberton, M.; (1992) Testing a discrete switching disequilibrium model of the UK labour market. Journal of Applied Econometrics , 7 (1) pp. 83-91. 10.1002/jae.3950070108.

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Abstract

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.

Type:Article
Title:Testing a discrete switching disequilibrium model of the UK labour market
DOI:10.1002/jae.3950070108
Publisher version:http://dx.doi.org/10.1002/jae.3950070108
Language:English
Keywords:Endogenous
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

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