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This paper analyses the phenomenon of jobless growth in India and the US through the lens of employment elasticity …. Analytical results are derived for decompositions of both the level and change of aggregate employment elasticity in terms of … sectoral elasticities, relative growth and employment shares. Estimates of these decompositions are presented with employment …
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expansion of employment. The paper contributes to the literature in two ways. First, it attempts to provide a comprehensive …
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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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