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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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The aim of this paper is twofold. On the one hand, the economic insights about the employment impact of technological … employment effect appears to be entirely due to the medium-and high-tech sectors, while no effect can be detected in the low …-tech industries; 2) capital formation is found to be negatively related to employment; this outcome points to a possible labour …
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Despite extensive research, the estimates of changes in employment are heter-ogeneous in different conditions of … employment elasticity compared to its values in economies with a stable development trend. Based on this, we formulate the …
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response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …
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