Table 1 Long-run labour demand elasticities (2000–2013).
From: Heterogeneous labour demand in the Colombian manufacturing sector
Specification | Conditional (1) | Conditional with substitutes (2) | Unconditional (3) |
|---|---|---|---|
Skilled workers | |||
Own-price | − 0.591*** | − 0.628*** | − 0.316*** |
Output | 1.122*** | 1.153*** | |
TFP | − 1.016*** | − 0.936*** | 0.326* |
Unskilled permanent | 0.009 | ||
Unskilled temporary | 0.212** | ||
No. observations (plants) | 14,579 | 7979 | 14,579 |
Hansen test (p-value) | 0.102 | 0.333 | 0.808 |
Ar2 (p-value) | 0.540 | 0.457 | 0.969 |
Skilled permanent workers | |||
Own-price | − 0.682*** | − 0.647*** | − 0.517*** |
Output | 0.949*** | 1.206*** | |
TFP | − 0.773*** | − 1.026*** | 0.753*** |
Skilled temporary | − 0.318*** | ||
Unskilled permanent | − 0.075 | ||
Unskilled temporary | 0.335* | ||
No. observations (plants) | 13,062 | 2696 | 13,062 |
Hansen test (p-value) | 0.213 | 0.469 | 0.514 |
Ar2 (p-value) | 0.700 | 0.741 | 0.398 |
Skilled temporary workers | |||
Own-price | − 0.256*** | − 0.261*** | − 0.251*** |
Output | 0.710*** | 0.747*** | |
TFP | − 0.621*** | − 0.617*** | 0.590* |
Skilled permanent | 0.053 | ||
Unskilled permanent | 0.326*** | ||
Unskilled temporary | − 0.204 | ||
No. observations (plants) | 4477 | 2696 | 4477 |
Hansen test (p-value) | 0.467 | 0.420 | 0.761 |
Ar2 (p-value) | 0.443 | 0.255 | 0.464 |
Unskilled workers | |||
Own-price | − 0.415*** | − 0.702*** | 0.074 |
Output | 1.051*** | 1.179*** | |
TFP | − 0.951*** | − 1.103*** | 0.261 |
Skilled permanent | − 0.028 | ||
Skilled temporary | 0.079** | ||
No. observations (plants) | 20,470 | 3114 | 20,470 |
Hansen test (p-value) | 1.21e−05 | 0.232 | 0.000113 |
Ar2 (p-value) | 0.618 | 0.024 | 0.346 |
Unskilled permanent workers | |||
Own-price | − 1.109*** | − 1.082*** | − 0.865*** |
Output | 1.198*** | 1.242*** | |
TFP | − 1.043*** | − 1.071*** | 0.429 |
Skilled permanent | − 0.049 | ||
Skilled temporary | 0.065 | ||
Unskilled temporary | 0.351*** | ||
No. observations (plants) | 17,502 | 2696 | 17,502 |
Hansen test (p-value) | 0.637 | 0.350 | 0.589 |
Ar2 (p-value) | 0.339 | 0.677 | 0.513 |
Unskilled temporary workers | |||
Own-price | − 0.438*** | − 0.683*** | − 0.107 |
Output | 0.760*** | 1.058*** | |
TFP | − 0.730*** | − 1.047*** | 0.223 |
Skilled permanent | − 0.197 | ||
Skilled temporary | 0.415*** | ||
Unskilled permanent | 0.200** | ||
No. observations (plants) | 12,579 | 2696 | 12,579 |
Hansen test (p-value) | 0.000153 | 0.291 | 0.00401 |
Ar2 (p-value) | 0.702 | 0.489 | 0.00624 |