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Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of new firms, new sectors, and thus new jobs. But even for...
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The aim of this paper is twofold. On the one hand, the economic insights on the employment impact of technological … labor-friendly impact of R&D expenditures (mainly related to product innovation) is found; yet, this positive employment …) capital formation is found to be negatively related to employment; this outcome suggests a possible labor-saving effect due to …
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