Dürnecker, Georg - Abteilung für Volkswirtschaftslehre, Universität Mannheim - 2011
capital-embodied technical change in the late 1970s. Evidence suggests that European economies have lagged behind the United … capital is a key determinant for the way the economy's labor market reacts to an acceleration in capital-embodied technical … change. The proposed framework offers a novel explanation for the observed divergence of unemployment rates across economies …