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标题：Identifying Regional and Sectoral Dynamics of the Dutch Staffing Labour Cycle
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作者：Ard den Reijer
期刊名称：DNB Working Papers / De Nederlandsche Bank
出版年度：2007
卷号：1
出版社：De Nederlandsche Bank
摘要：This study analyses the dynamic characteristics of staffing employment across different business sectors and across different geographical regions in theNetherlands. We analyse a micro data set of the market leader of the Dutch staffing employment market, i.e. Randstad. We apply the dynamic factor model to extract common information out of a large data set and to isolate business cycle frequencies with the aim of forecasting economic activity. We identify regions and sectors whose cyclical developments lead the staffing labour cycle at the country level. The second question is then which model specification can best exploit the identified leading indicators at the disaggregate level to forecast the country aggregate? The dynamic factor model turns out to outperform univariate benchmark forecasting models by exploiting the substantial temporal variation of the staffing labour market at the disaggregate level.
关键词：staffing labour, dynamic factor model, disaggregate forecasting