چکیده:
Investment is perceived as a major factor in job creation in almost all sectors of the economy and by the policymakers. In this paper، we investigate if investment has the same effect on the job creation in all the Iranian manufacturing sub-sectors using the data with two-digit ISIC codes. Research findings reveal that the first to fifth strongest effects are among the “textile، wearing apparel and leather products"، "wood and products of wood"، "food، beverage and tobacco products"، "machinery، equipment and metal instruments products"، and "non- metallic mineral products"، respectively. As for the "basic metal"، "chemical products" and "paper، publishing and printing "، there is no significant statistical relationship between investment and employment
خلاصه ماشینی:
ir (**) Master's Degree, Faculty of Economics, University of Tehran Classification leJ:22E , 24E Keywords: {VKInvestment, employment, large-scale industries, dynamic labor demand approach, Rational Adaptive Verifiable (RAV) model, Multivariate Error Correction Vector (MCEV) model VK} Introduction Sustainable economic growth and development of a country requires the optimal exploitation of resources and factors of production.
Employment level of large industry sub-sectors (Refer to the page image) In addition, the above chart indicates that on average during the study period, after the textile, clothing, and leather industries sub-sector, the sub-sectors of machinery, equipment, tools, and metal products, non-metallic mineral industries, food, beverage, and tobacco industries, chemical industries, basic metal industries, and paper, cardboard, printing, and binding industries hold the second to seventh ranks respectively in terms of industrial employment level.
The labor demand function of the non-metallic mineral industries subsector, except for coal and petroleum products, shows that the value-added and capital stock variables positively and significantly affect labor demand, which, along with the positive and significant coefficients of value-added in the investment demand function (the second constrained vector), means that in this subsector, manufacturing firms operate based on a strategy of expanding both inputs in their production process, indicating a high degree of complementarity between inputs in the current subsector.
On the other hand, it is observed that the value-added coefficient in the investment demand function (the second constrained vector) is statistically significant, which means that in the current subsector, the main focus of manufacturing firms for expanding the production scale is based on capital input, not labor.
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