Modeling Labor Demand in a State Econometric Model

Max E. Jerrell and James M. Morgan
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Max E. Jerrell: Northern Arizona University.
James M. Morgan: Northern Arizona University.

The Review of Regional Studies, 1988, vol. 18, issue 3, 31-40

Abstract: This paper presents labor demand equations based on the Nadiri and Rosen (1969, 1973) theory of interrelated factor demand. These labor demand equations form a portion of a quarterly regional econometric model of the State of Arizona. Dynamic properties of the model are explored, and ex-post forecasting results of the model are compared to results obtained using a more traditional labor demand specification.

Date: 1988
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