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Uncovering the sources of sectoral employment fluctuations

Bryn Battersby, Michael Kouparitsas () and Josiah Munro
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Josiah Munro: Treasury, Government of Australia

No 2013-03, Treasury Working Papers from The Treasury, Australian Government

Abstract: This paper explores the sources of fluctuations in sectoral employment growth rates across the Australian economy over three different periods: the pre-terms of trade boom period; the pre-GFC phase of the terms of trade boom; and the GFC and post-GFC phase. We find that common cyclical fluctuations, not just sector specific shocks, can and do have an important effect on sectoral growth rate dispersion across the full sample. We also find that there is evidence of accelerated structural change in the latter phase of the terms of trade boom.

Keywords: Kalman-filter; unobserved components; sectoral employment (search for similar items in EconPapers)
JEL-codes: E24 E32 C51 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2013-09, Revised 2013-09
New Economics Papers: this item is included in nep-mac
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Journal Article: Uncovering the Sources of Sectoral Employment Fluctuations (2015) Downloads
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