TY  - JOUR
AU  - Mairesse,Jacques
AU  - Dormont,Brigitte
TI  - Labor and Investment Demand at the Firm Level:  A Comparison of French, German and U.S. Manufacturing, 1970-79
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1554
PY  - 1985
Y2  - February 1985
UR  - http://www.nber.org/papers/w1554
L1  - http://www.nber.org/papers/w1554.pdf
N1  - Author contact info:
Jacques Mairesse
CREST-INSEE
15, Boulevard Gabriel PERI
92245 MALAKOFF CEDEX
FRANCE
Tel: 33-1-41-17-35-50
Fax: 33-1-41-17-76-34
E-Mail: mairesse@ensae.fr

Brigitte Dormont
Thema, University of Paris 10-Nanterre
200 Avenue de la Republique
92001 Nanterre Cedex
France
E-Mail: dormont@u-paris10.fr
AB  - We investigate how labor and investment demand at the firm level (gross as well as net and replacement investment separately) differs in French, German and U.S. manufacturing, and has changed since the 1974-75 crisis. We use three consistent panel data samples of large firms for1970-79, and rely on simple models of the accelerator-profits type. We find that the accelerator effects and the profits effects did not vary much between 1970-73 and 1976-79, and were quite comparable in the three countries, the former being of a more permanent nature and the latter more transitory.To a large extent these effects account for the important changes and differences in labor and investment demand between the two subperiods and across the three countries.
ER  -