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Recent studies on oil market demonstrate endogeneity of oil price by modeling it as a function of consumption and precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not disentangle uncertainties raised by underlying...
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"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …
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indirect effects of the rise of industrial robots and productivity via international value chains on various industrial … indicators, including employment and real value added. The paper thereby adds to the existing empirical work on the relationship … between technological change, employment and industrial growth by adding data on industrial robots while controlling for other …
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