An Employment Equation for Belgium
Philippe Ledent and
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Philippe Ledent: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and ING
No 2009016, LIDAM Discussion Papers IRES from UniversitÃ© catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
Economic theory considers economic growth and wage costs as crucial determinants in the process of job creation. In this paper, we try to quantify the relationship that exists between these variables in Belgium. Our objective being mainly the use of the empirical model for forecasting purposes, we use a V AR model to enable us to apply statistical tools to test some possible constraints within a loose model. We analyse the relationship at three levels: one national and two sectoral.
Keywords: Employment growth; long-run equilibrium; VAR model (search for similar items in EconPapers)
JEL-codes: C32 C52 E24 E27 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2009016
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