Leverage as a Conditioning Variable for Employment: An Analysis of a Panel of West German Manufacturing Firms

Michael Funke and Holger Strulik

Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics

Abstract: This paper reports an attempt to implement financial factors into a neoclassical model of optimal factor demand. The theoretical shows that factor demand decisions of firms operating under monopolistic competition or with decreasing returns to scale are affected by financial restrictions. The theoretical model is estimated using West German firm data from 1987 to 1994.

Keywords: Financial Restrictions; Labour Demand; Panel Data (search for similar items in EconPapers)
JEL-codes: C33 J23 (search for similar items in EconPapers)
Date: 1998-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rrz.uni-hamburg.de/wst/qmwps/qm498.ps (application/postscript)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rrz.uni-hamburg.de/wst/qmwps/qm498.ps [302 Found]--> https://www.rrz.uni-hamburg.de/wst/qmwps/qm498.ps)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:19804

Access Statistics for this paper

More papers in Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().