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We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...
Persistent link: https://www.econbiz.de/10013314751
that helps low-skilled labor is conducive for controlling inequality and raising wage. Skilled talent-led innovation could … have spillover benefits for the unskilled sector while immigration into the production sector will always reduce wage …, aggravating wage inequality. In essence, we infer: (i) if R&D inputs contributes only to skilled sector, wage inequality increases …
Persistent link: https://www.econbiz.de/10012861379