The authors present the first comparable dynamic panel estimates of labor demand elasticity, using data from Chile, Colombia, and Mexico. They examine the benefits, and limits of the Arellano, and Bond GMM in differences estimator, and the Blundell, and Bond GMM system estimator. They also explore the limitations of such measures for diagnosing flexibility in the labor market. Even accounting for the large variance induced by different estimation...
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INFORMATION
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2001/08/31
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Document de travail de recherche sur les politiques
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WPS2658
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1
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1
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2010/07/01
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How comparable are labor demand elasticities across countries?
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capital stock