Abstract
The highly stylized nature of the models does not allow direct tests. But it is possible to test time series for a nonlinear deterministic core and chaotic behavior, although there are quite a range of pitfalls (cf. chapter 2.2.3). The methods were described earlier in chapter 2.2.1. Now, these tools are applied to (West-) German labor market data on employment, the labor cost ratio in the manufacturing sector, monthly hours worked in the mining, manufacturing sector, and overall registered unemployment.
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© 2000 Springer-Verlag Berlin Heidelberg
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Neugart, M. (2000). Testing for chaos in German labor market data. In: Nonlinear Labor Market Dynamics. Lecture Notes in Economics and Mathematical Systems, vol 486. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58348-3_8
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DOI: https://doi.org/10.1007/978-3-642-58348-3_8
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-67279-1
Online ISBN: 978-3-642-58348-3
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