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    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
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Category > Economics Posted 03 May 2017 My Price 9.00

A variation of the wage-determination equation given in exercise 8.17 is as follows

8.17.      A variation of the wage-determination equation given in exercise 8.17 is as follows†:

Wˆ t = 1.073 + 5.288Vt − 0.116Xt + 0.054Mt + 0.046Mt−1 (0.797)   (0.812)  (0.111)               (0.022)      (0.019)

R2 = 0.934       df = 14

where    W = wages and salaries per employee

V = unfilled job vacancies in Great Britain as a percentage of the total number of employees in Great Britain

X = gross domestic product per person employed

M = import prices

Mt−1 = import prices in the previous (or lagged) year (The estimated standard errors are given in the parentheses.)

 

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Status NEW Posted 03 May 2017 08:05 PM My Price 9.00

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