An empirical study of the interrelationship between employment, price and inventory decisions in UK manufacturing

Juan Dolado

No 88-02, Documentos de trabajo de la Facultad de Ciencias Económicas y Empresariales from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales

Abstract: This papel investigates the dynamic behaviour al employment, prices and inventories of finished goods when non-competitivo firms take joint decision rules based upon the optimisation of a certain intertemporal criterion function. A theoretical model is developed to provide the specification of the Euler equations which characterize the previous optimal solutions. These are jointly estimated using data from tha manufacturing sector in the U.K., providing favourable evidence for the model.

Keywords: Employment; Price; UK manufacturing. (search for similar items in EconPapers)
Pages: 27 pages
Date: 1988
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