Forecasting employment growth in Indonesia
Employment, Forecast, Estimation, Indonesia
This note discusses the dangers of using the employment-output elasticity to forecast employment creation in Indonesia. It demonstrates the unreliability of employment-output elasticity estimates for Indonesia obtained using various methods, and argues, that, in addition to the estimation problems, the elasticity method has inherent weaknesses that should preclude its use to forecast employment growth in a dynamic world.
Bulletin of Indonesian Economic Studies
Lim, D. (1997). Forecasting employment growth in Indonesia. Bulletin of Indonesian Economic Studies, 33 (3), 111-119. http://dx.doi.org/10.1080/00074919712331337255