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How fast do banks adjust?: A dynamic model of labor-use with an application to Swedish banks
Department of Economics, State University of New York, Binghamton, NY 13902, United States.
United Nations University (UNU), World Inst. for Devmt. Econ. Res., Katajanokanlaituri 6B, Fin-00160 Helsinki, Finland.ORCID iD: 0000-0002-7902-4683
Department of Economics, Göteborg University, SE 405 30 Göteborg, Sweden.
2002 (English)In: Journal of Productivity Analysis, ISSN 0895-562X, E-ISSN 1573-0441, Vol. 18, no 1, 79-102 p.Article in journal (Refereed) Published
Abstract [en]

This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to make the adjustment parameter both firm- and time-specific by specifying it as a function of firm- and time-specific variables. Desired level of labor use is represented by a labor requirement function, which is a function of outputs and other firm-specific variables. The catch-up factor is defined as the ratio of actual to desired level of employment. Productivity growth is then defined in terms of a shift in the desired level of labor use and the change in the catch-up factor. Swedish banking data is used as an application of the above model.

Place, publisher, year, edition, pages
2002. Vol. 18, no 1, 79-102 p.
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24470DOI: 10.1023/A:1015756527109Scopus ID: 2-s2.0-0036095610OAI: oai:DiVA.org:hj-24470DiVA: diva2:742845
Available from: 2014-09-02 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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Citation style
  • apa
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