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How fast do banks a...
How fast do banks adjust? : A dynamic model of labor-use with an application to Swedish banks
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- Kumbhakar, S. C. (author)
- Department of Economics, State University of New York, Binghamton, NY 13902, United States
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- Heshmati, Almas (author)
- United Nations University (UNU), World Inst. for Devmt. Econ. Res., Katajanokanlaituri 6B, Fin-00160 Helsinki, Finland
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- Hjalmarsson, L. (author)
- Department of Economics, Göteborg University, SE 405 30 Göteborg, Sweden
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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 (creator_code:org_t)
- 2002
- 2002
- English.
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In: Journal of Productivity Analysis. - 0895-562X .- 1573-0441. ; 18:1, s. 79-102
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- 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.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Publication and Content Type
- ref (subject category)
- art (subject category)
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