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Al-Rabbaie Arqam (Hashemite University, Jordania), Alwaked Ahmad (Hashemite University, Jordania), Altarawneh Yaseen (Hashemite University, Jordania)
Underlying trends in employment-output equation: the case of Jordan
Perspectives of Innovations, Economics and Business, 2009, vol. 3, s. 35-37, tab., bibliogr. 11 poz.
Słowa kluczowe
Zatrudnienie, Procesy stochastyczne, Szeregi czasowe
Employment, Stochastic processes, Time-series
The underlying employment trend (UET) is investigated in Jordanian economy over the period 1989- 2004 using structural time series model (STSM). This approach allows to modelling the trend in its stochastic form introduced by Harvey (1989). The results show that a stochastic trend is preferred to deterministic trend. In addition, the inclusion or exclusion of the conventional deterministic trend leads to overestimated output elasticity. Furthermore, the UET is found to be non-linear, down downward sloping. (original abstract)
Pełny tekst
  1. Central Bank of Jordan (CBJ), Annual report,  Different issues
  2. Department of Statistics (DOS), Statistical Year Book, Jordan, different issues
  3. Harvey, A., 1989. Forecasting, structural time series models and the Kalman filter, Cambridge University Press, Cambridge
  4. Harvey, A., 1997. "Trend, cycles and autoregression", The Economic Journal 107 (440), pp.192-201
  5. Harvey, A., Henry, S., Wren-Lewis, S., 1986. "Stochastic trend in dynamic regression models: An application to the employment-output equation", The Economic Journal, 96 (384), pp.975-85
  6. Harvey, A., Koopman, S., 1992. "Diagnostic checking of unobserved components time series models", Journal of Business and Economic Statistics 10 (4), pp.377-89. 
  7. Hendry, D., Juselius, K., 2000. "Explaining cointegration analysis: Part I", Energy Journal, International Association for Energy Economics, Vol.21, pp.1-42
  8. Hendry, D., Juselius, K., 2001. "Explaining cointegration analysis: Part II", Energy Journal, International Association for Energy Economics, Vol.22, pp.75-120
  9. Henry, S., 1979. "Employment equations for the U.K.", Paper presented to the SSRC Econometric Modelling Group LSE
  10. Koopman, S., Harvey, A., Doornik, J. and Shephard, N., 2000. Stamp: structural time series analyser, modeller and predictor, London: Timberlake Consultants Press
  11. O'Brien, P., 1983. Employment in systematic econometric comparison. London: NIESR
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