Comment on Chapters 3 and 4

E. R. Regt

A chapter in Unemployment in Europe, 1989, pp 117-123 from Palgrave Macmillan

Abstract: Abstract The two papers by Ansar et al. and by Muysken and van Zon (further referred to as AITU and MvZ respectively) extend existing putty-clay vintage labour demand models into different, though related, directions. AITU focus on long-run and short-run substitution possibilities between the production factors. The dual approach adopted allows the authors to test the often-used putty-clay, putty-putty or clay-clay production models against their maintained hypothesis of a putty-semi-putty model. The latter vintage model allows for both ex ante and ex post substitution possibilities, though the ex post substitution characteristics for each vintage are reduced by the ex ante choice of production technique. Nevertheless, for active vintages factor proportions are, among other things, influenced by actual factor prices.

Keywords: Labour Productivity; Capital Stock; Technological Progress; Labour Demand; Demand Equation (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19795-8_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349197958

DOI: 10.1007/978-1-349-19795-8_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().