Testing a discrete switching disequilibrium model of the UK labour market

Authors
Hall, S.G. Henry, S.G.B. Pemberton, M.
Citation
Hall, S.g et al., Testing a discrete switching disequilibrium model of the UK labour market, Journal of applied econometrics , 7(1), 1992, pp. 83-91
Journal title
Journal of applied econometrics → ACNP
ISSN journal
08837252
Volume
7
Issue
1
Year of publication
1992
Pages
83 - 91
Database
ACNP
SICI code
Abstract
This paper develops a test procedure for serial correlation for discrete switching disequilibrium models which include both an endogenous price adjustment equation and lagged dependent variables. The tests are applied to a model of the UK labour market and the model is respecified in the light of the test results.