Elasticity of demand for labor in Uruguay
The objective of this research is to estimate the long-run elasticities of labour demand for Uruguay (1986-2005). The elasticities were estimated using Johansen cointegration analysis and the vector error correction model. We found that the aggregate labour demand is relatively inelastic with respec...
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2012
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| Acceso en línea: | https://revistas.unc.edu.ar/index.php/REyE/article/view/10252 |
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I10-R326-article-102522022-04-06T19:32:55Z Elasticity of demand for labor in Uruguay Elasticidad de la demanda de trabajo en Uruguay Porras, Sylvina Melognio, Eliana labour demand long-run elasticities cointegration VECM J23 J32 demanda de trabajo elasticidades de largo plazo cointegración VECM J23 J32 The objective of this research is to estimate the long-run elasticities of labour demand for Uruguay (1986-2005). The elasticities were estimated using Johansen cointegration analysis and the vector error correction model. We found that the aggregate labour demand is relatively inelastic with respect to changes in labour cost and more elastic when the universe is bounded to private dependent work. It’s close to unity with respect to product and the response of labour demand to change in capital cost seems to be the same as the response to change in labour cost with opposite sign. Este estudio realiza estimaciones de la elasticidad de largo plazo de la demanda de trabajo en Uruguay (1986-2005). Se utilizó para ello el análisis de cointegración de Johansen y la modelización mediante mecanismo de corrección de error. Se encontró que la demanda de trabajo agregada es relativamente inelástica respecto al costo laboral y algo más elástica considerando sólo al trabajo dependiente privado. Es aproximadamente igual a la unidad respecto al producto en el sector privado y no se descarta que la elasticidad respecto al capital sea de igual magnitud pero de signo contrario que la del costo laboral Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2012-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unc.edu.ar/index.php/REyE/article/view/10252 10.55444/2451.7321.2012.v50.n1.10252 Revista de Economía y Estadística; Vol. 50 No. 1 (2012); 93-121 Revista de Economía y Estadística; Vol. 50 Núm. 1 (2012); 93-121 2451-7321 0034-8066 10.55444/2451.7321.2012.v50.n1 spa https://revistas.unc.edu.ar/index.php/REyE/article/view/10252/12718 Derechos de autor 2012 Sylvina Porras, Eliana Melognio http://creativecommons.org/licenses/by-nc-nd/4.0 |
| institution |
Universidad Nacional de Córdoba |
| institution_str |
I-10 |
| repository_str |
R-326 |
| container_title_str |
Revista de Economía y Estadística |
| language |
Español |
| format |
Artículo revista |
| topic |
labour demand long-run elasticities cointegration VECM J23 J32 demanda de trabajo elasticidades de largo plazo cointegración VECM J23 J32 |
| spellingShingle |
labour demand long-run elasticities cointegration VECM J23 J32 demanda de trabajo elasticidades de largo plazo cointegración VECM J23 J32 Porras, Sylvina Melognio, Eliana Elasticity of demand for labor in Uruguay |
| topic_facet |
labour demand long-run elasticities cointegration VECM J23 J32 demanda de trabajo elasticidades de largo plazo cointegración VECM J23 J32 |
| author |
Porras, Sylvina Melognio, Eliana |
| author_facet |
Porras, Sylvina Melognio, Eliana |
| author_sort |
Porras, Sylvina |
| title |
Elasticity of demand for labor in Uruguay |
| title_short |
Elasticity of demand for labor in Uruguay |
| title_full |
Elasticity of demand for labor in Uruguay |
| title_fullStr |
Elasticity of demand for labor in Uruguay |
| title_full_unstemmed |
Elasticity of demand for labor in Uruguay |
| title_sort |
elasticity of demand for labor in uruguay |
| description |
The objective of this research is to estimate the long-run elasticities of labour demand for Uruguay (1986-2005). The elasticities were estimated using Johansen cointegration analysis and the vector error correction model. We found that the aggregate labour demand is relatively inelastic with respect to changes in labour cost and more elastic when the universe is bounded to private dependent work. It’s close to unity with respect to product and the response of labour demand to change in capital cost seems to be the same as the response to change in labour cost with opposite sign. |
| publisher |
Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. |
| publishDate |
2012 |
| url |
https://revistas.unc.edu.ar/index.php/REyE/article/view/10252 |
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2024-09-03T20:55:45Z |
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2024-09-03T20:55:45Z |
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