Estimating Returns to Scale and Externalities in a Matching Model of the Labor Market
| Autor: | Wei-ming Tang, 唐偉明 |
|---|---|
| Rok vydání: | 2008 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 96 Recent rapid advances in information technology have made the job matching process more effective and convenient. However, little empirical evidence has been brought to bear on its magnitude. Using Monthly Bulletin of Labor Statistic of Taiwan for the period between August 1996 and December 2006, this study employs OLS and GMM estimation methods to estimate a translog model of the labor market matching technology to evaluate the recent reforms in the matching process on the efficiency of the search equilibrium in terms of the degree of returns to sale and the externality effects. The empirical results suggest that the efficiency of the search equilibrium have not been enhanced. However, the impacts that externalities have on unemployment have been positive since 2002, but the impacts that externalities have on vacancy have been negative. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|