Similar Search Results

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - 2023

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in...

Persistent link: https://www.econbiz.de/10014346583

Medium Run Redux : Technical Change, Factor Shares and Frictions in the Euro Area

McAdam, Peter - 2008

We develop a framework for analyzing quot;medium-runquot; departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical change) with a below-unitary substitution elasticity...

Persistent link: https://www.econbiz.de/10012771612

Does Private Equity Investment Spur Innovation? Evidence from Europe

Popov, Alexander - 2012

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …

Persistent link: https://www.econbiz.de/10013117009

Determinants of Firms’ Efficiency : Do Innovations and Finance Constraints Matter? The Case of European Smes

Bonanno, Graziella - 2020

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …

Persistent link: https://www.econbiz.de/10012831402

International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector

Hiebert, Paul; Vansteenkiste, Isabel - 2007

We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR) methodology of D¶ees, DiMauro, Pesaran, and Smith (2005) to...

Persistent link: https://www.econbiz.de/10011604777

Shocking Stuff : Technology, Hours, and Factor Substitution

Cantore, Cristiano - 2010

The reaction of hours worked to technology shocks represents a key controversy between RBC and New Keynesian explanations of the business cycle. It sparked a large empirical literature with contrasting results. We demonstrate that, with a more general and data coherent supply and production...

Persistent link: https://www.econbiz.de/10013135284

Technology and Demand Drivers of Productivity Dynamics in Developed and Emerging Market Economies

Dieppe, Alistair; Francis, Neville; Kindberg-Hanlon, Gene - 2021

Frequently, factors other than structural developments in technology and production efficiency drive changes in labor productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology shocks that excludes these influences, resulting...

Persistent link: https://www.econbiz.de/10013233716

Cables, Sharks and Servers : Technology and the Geography of the Foreign Exchange Market

Eichengreen, Barry - 2016

We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We identify exogenous technological changes by the connection of countries to submarine fiber-optic cables used for electronic trading, but which were not laid for purposes related...

Persistent link: https://www.econbiz.de/10012993792

Identifying the Elasticity of Substitution with Biased Technical Change

Leon-Ledesma, Miguel A. - 2009

Despite being critical parameters in many economic fields, the received wisdom, in theoretical and empirical literatures, states that joint identification of the elasticity of capital-labor substitution and technical bias is infeasible. This paper challenges that pessimistic interpretation....

Persistent link: https://www.econbiz.de/10012765623

International Trade, Technological Shocks and Spillovers in the Labour Market : A GVAR Analysis of the US Manufacturing Sector

Vansteenkiste, Isabel - 2007

Persistent link: https://www.econbiz.de/10012777698