An Employment Equation for Belgium

Bodart, Vincent;Ledent, Philippe;Shadman Valavi, Fatemeh
(2009) , 21 pages

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  • Bodart, VincentUCLouvain
    Author
  • Ledent, PhilippeUCLouvain
    Author
  • Shadman Valavi, FatemehUCLouvain
    Author
Abstract
Economic theory considers economic growth and wage costs as crucial determinants in the process of job creation. In this paper, we try to quantify the relationship that exists between these variables in Belgium. Our objective being mainly the use of the empirical model for forecasting purposes, we use a V AR model to enable us to apply statistical tools to test some possible constraints within a loose model. We analyse the relationship at three levels: one national and two sectoral.
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Bodart, V., Ledent, P., & Shadman Valavi, F. (2009). An Employment Equation for Belgium (IRES Discussion papers 2009016). https://hdl.handle.net/2078.5/250503