Abstract:
This study examines the relationship among employment in three technology manufacturing industries in Texas. The study focuses on employment in the following manufacturing industries: computer and peripheral equipment, communication equipment, and semiconductor and other electronic components. We utilize time series econometric techniques in order to ascertain the extent to which employment is related among these technology sectors. Based on results from cointegration tests, we conclude that these employment series do not share a common stochastic trend. However, results from the vector autoregession model and the corresponding impulse response functions indicate the presence of significant linkages among employment in these industries. The findings are consistent with the economic environment of the technology industry being characterized by highly efficient operations in a competitive, integrated marketplace.
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