Labor and Investment Demand at the Firm Level: A Comparison of French, German and U.S. Manufacturing, 1970-79Jacques Mairesse and Brigitte Dormont No 1554, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: 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 for1970-79, and rely on simple models of the accelerator-profits type. We find that the accelerator 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. Date: 1985-02 Published as Dormont, Brigitte and Jacques Mairesse. "Labor and Investment at the Firm Level: A Comparison of French, German and U.S. Manufacturing," European Economic Review, Vo. 28, No. 1-2, June-July 1985, pp. 201-231. Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:1554 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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