
Labor and investment demand at the firm level: A comparison of French, German and U.S. manufacturing, 1970–79
Mairesse, Jacques; Dormont, Brigitte (1985), Labor and investment demand at the firm level: A comparison of French, German and U.S. manufacturing, 1970–79, European economic review, 28, 1-2, p. 201-231. http://dx.doi.org/10.1016/0014-2921(85)90028-5
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Article accepté pour publication ou publiéDate
1985Journal name
European economic reviewVolume
28Number
1-2Publisher
Elsevier
Pages
201-231
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Show full item recordAbstract (EN)
We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974–75 crisis. We use three consistent panel data samples of large firms for 1970–79, and rely on simple models of the accelerator-profits type. We find that the accelarator effects and the profits effects did not vary much between 1970–73 and 1976–79, and were quite comparable in the three countries, the former being of a more permanent nature and the latter more transitory. To a large extent these effects account for the important changes and differences in labor and investment demand between the two subperiods and across the three countries.Subjects / Keywords
Labor; Investment analysisRelated items
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