Co-integration and Error Correction Models:The Temporal Causality between Wage and Productivity in the Wood and Wood Products Manufacturing sector in Tamilnadu
| dc.category | Journal Article | |
| dc.contributor.author | Manonmani, M | |
| dc.contributor.author | Geetha, K T | |
| dc.date.accessioned | 2017-04-06T18:16:41Z | |
| dc.date.available | 2017-04-06T18:16:41Z | |
| dc.date.issued | 2012 | |
| dc.department | Economics | en_US |
| dc.description.abstract | The present study attempts to analyse the problem at the regional level by concentrating on one particular state namely, Tamil Nadu. Further, there are few studies in the past that have attempted to analyse the productivity and wage relationship at individual industry level. A study o f the individual industries at regional level was therefore, attempted to have a better understanding o f the problem, so as to delineate the area for remedial action. The reference period o f the study was from 1979-80 to 2008-09. In order to clearly understand the links between wages and productivity in selected industries, this study has used a simple econometric analysis namely, step-wise regression i model. The wage-productivity relationship that existed in the manufacture o f Wood and Wood products in majority o f i the cases (either insignificant or negative) disproved the hypothesis that wage rate (Lnw) was significantly related to labour productivity (LnGVA/L). This explained the fact that there were factors other than those considered in [ this model that have influenced the real wage rate (Lnw) in this industry. | en_US |
| dc.identifier.uri | https://ir.avinuty.ac.in/handle/avu/2808 | |
| dc.lang | English | en_US |
| dc.publisher.name | GIM Journal of Management | en_US |
| dc.publisher.type | National | en_US |
| dc.title | Co-integration and Error Correction Models:The Temporal Causality between Wage and Productivity in the Wood and Wood Products Manufacturing sector in Tamilnadu | en_US |
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