Measuring Employment Inertia in a Period of Crisis: An Interpretation of Brechling Short-Run Model - Theoretical Economics Letters

TEL > Vol.7 No.4, June 2017

Measuring Employment Inertia in a Period of Crisis: An Interpretation of Brechling Short-Run Model ()

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DOI: 10.4236/tel.2017.74064 1,259 Downloads 1,851 Views

Author(s)

Samuel Ambapour

Affiliation(s)

Institut National de la Statistique, Brazzaville, Republic of Congo.

ABSTRACT

In this paper, the Brechling model is used to measure employment inertia in five sectors of the Congolese economy between 1983 and 1993. During that period, the Congolese economy found itself at a crossroad. On the one hand, the implementation of the 1982-1986 five-year economic development plans involved considerable infrastructure investment. On the other hand, given the market reversal observed since 1985, the infrastructure funding and the tempo became less. A structural adjustment program had to be undertaken with the World Bank in 1987-1989 with its measures entirely designed to restore the country’s macroeconomic balance and to enable it to resume regular and sustainable growth over time. Thus, the result from the short-run employment model taken over the period in question demonstrates that there is strong employment inertia in the sectors investigated.

KEYWORDS

Partial Adjustment, Desired Employment Level, Employment Inertia, Short-Run Model

Share and Cite:

Ambapour, S. (2017) Measuring Employment Inertia in a Period of Crisis: An Interpretation of Brechling Short-Run Model. Theoretical Economics Letters, 7, 939-950. doi: 10.4236/tel.2017.74064.

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