Testing a discrete switching disequilibrium model of the UK labour market
为离散切换非均衡模型开发了序列相关检验方法,并应用于英国劳动力市场数据,根据检验结果重新设定模型。
Abstract This paper develops a test procedure for serial correlation for discrete switching disequilibrium models which include both an endogenous price adjustment equation and lagged dependent variables. The tests are applied to a model of the UK labour market and the model is respecified in the light of the test results.