An econometric model of U.K. manufacturing employment using survey data on expected output
利用预期产出调查数据的英国制造业就业计量模型
Abstract A model of U.K. manufacturing employment is estimated in which output expectations data are derived from Confederation of British Industry (CBI) survey information. The output expectations terms are highly significant, and equations including them encompass more traditional models that use current and lagged output. In addition, the equations also successfully predict the sharp falls in manufacturing employment that occurred after 1979. One interesting implication…