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In recent times the employment effects of technical progress raised much intention. Will recent productivity gains lead … employment if product demand is elastic. It is accompanied, however, by shrinkage of employment if product demand is inelastic. A …, employment and national income for Germany provided by the Federal Statistical Office. We estimate Marshallian type demand …
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variation in regional unemployment and in the development of employment is puzzling. Our explanation of this regional variation … leads to an expansion of employment if product demand is elastic. It is accompanied, however, by shrinkage of employment if … series data on output, prices, employment and national income for Germany provided by the Federal Statistical Office and the …
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: Technological progress leads to an expansion of employment if product demand is elastic. It is accompanied, however, by shrinkage of … employment if product demand is inelastic. A transition from the elastic into the inelastic range of the demand function for the … level time series data on output, prices, employment and national income for Germany provided by the Federal Statistical …
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are regions in which even during the crisis virtual full employment prevails (e.g. Munich Area) and others which face a … cycle. The more mature an industry is the less elastic is demand. Technical progress has two opposing effects on employment …. Increased productivity allows producing a given quantity wit less labour. This is the displacement effect of technical progress …
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