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Explanations of the demand for labour in the United Kingdom engineering sector
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Briscoe, G. and Wilson, Robert A. (1991) Explanations of the demand for labour in the United Kingdom engineering sector. Applied Economics, Volume 23 (Number 5). pp. 913-926. doi:10.1080/00036849100000040 ISSN 0003-6846.
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Official URL: http://dx.doi.org/10.1080/00036849100000040
Abstract
This paper presents a set of employment functions for nine individual engineering industries using annual data for the period 1954–1987 for the United Kingdom. A brief review alternative theoretical specifications is undertaken. A set of co-integrating regressions is computed to establish the existence of a long-run equilibrium relationship between employment and inter alia output and real wages. Based on the results of the co-integration exercise, full unrestricted dynamic equations are obtained and these are then reduced to a more parsimonious representation. The finally preferred restricted models are then tested against a number of diagnostic statistical criteria to establish their robust and efficient properties. The value of these equations for explaining past and predicting future employment and training in the engineering sector is assessed.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor T Technology > TA Engineering (General). Civil engineering (General) |
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Divisions: | Faculty of Social Sciences > Institute for Employment Research | ||||
Library of Congress Subject Headings (LCSH): | Engineering--Vocational guidance | ||||
Journal or Publication Title: | Applied Economics | ||||
Publisher: | Taylor & Francis Ltd. | ||||
ISSN: | 0003-6846 | ||||
Official Date: | 1991 | ||||
Dates: |
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Volume: | Volume 23 | ||||
Number: | Number 5 | ||||
Number of Pages: | 14 | ||||
Page Range: | pp. 913-926 | ||||
DOI: | 10.1080/00036849100000040 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Funder: | Engineering Construction Industry Training Board (ECITB), Economic and Social Research Council (Great Britain) (ESRC) |
Data sourced from Thomson Reuters' Web of Knowledge
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