Constrained Joint Estimation of Factor Demand and Production Functions

Econometric Studies of Labor Demand and Their Application to Policy Analysis

“…These range from essentially zero in Tinsley [30] to .35 in Chow-Moore [10]. Interestingly, the studies by Nadiri [23], Coen-Hickman [11], and Brechling-Mortensen [5] produce estimates between .14 and .15 for the four-quarter employment elasticity, a remarkably close correspondence given the different time periods and sectors used. Since Brechling-Mortensen also include both capital and output in the labor-demand equation, though, their estimate of EL/EwIQ r may be biased down.…”

Short-term employment functions and the quasi-fixity of labour: A note

“…Nevertheless we consider our support for Oi's hypothesis to be qualified in that there is a problem of autocorrelation in a small number of our equations (although the maletfemale comparison is not affected by this problem). m i s specification is similar to that employed by Coen and Hickman (1970) which is again derived.on cost minimizing principles, using a Cobb-Douglas production function, that includes a capital services variable, plus a Koyck adjustment mechanism. %ot reproduced here but available on request.…”

Statistical Analysis and Forecasting of Economic Structural Change

“…A full-information maximum likelihood method may be used for a constrained joint estimation problem, derived from the production function and factor demand determination; see Coen and Hickman (1970). The production function may be viewed as a "planning relation" between the expected output Qm, and desired input labor L* and capital stock K*.…”