Browsing Statistisk sentralbyrå by Subject "Lucas critique"
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Modelling the demand for imports and domestic output
(Discussion Papers;No. 243, Working paper, 1999)The paper models domestic output over imports in Norway’s expenditure on manufactures. Using Johansen’s (1988, 1991) method, we obtain a cointegrating vector between the output-imports ratio, relative prices and a proxy ... -
The demand for labour and the Lucas critique : evidence from Norwegian manufacturing
(Discussion Papers;No. 256, Working paper, 1999)This paper uses neoclassical theory as a foundation for modelling labour demand in Norwegian manufacturing. Applying the Johansen (1988,1991) methodology, we obtain a single cointegrating vector between employment, production, ...