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ARPN Journal of Science and Technology >> Volume 7, Issue 1, January 2017

ARPN Journal of Science and Technology


The Estimation of Labor Force Demand Function Using ARDL Method (Studied in Mazandaran Province)

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Author Seyed Fakhredin Fakhrehosseini, Elham Fazeli Veisari, Maryam Abass Alizadeh
ISSN 2225-7217
On Pages 1063-1069
Volume No. 2
Issue No. 11
Issue Date January 01, 2013
Publishing Date January 01, 2013
Keywords Labor force demand, ARDL method, Error correction model



Abstract

The present article seeks to estimate labor force demand in Mazandaran province. To estimate the province’s labor force demand during the years 1990-2009, ARDL method and error correction model were used. The results show that in the long run, capital stock and capital productivity have a positive effect on labor force demand and per capita capital has a negative effect on it. There is a significant relationship between labor force’s short-term variations and its long-term balance. The restoration rate toward balance in error correction model is -0.3.


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