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Persistent link: https://www.econbiz.de/10011818514
This report surveys the literature on the employment impact of ICT. Two competing views - compensation and substitution … evidence, a consensus regarding the employment effect of ICT remains elusive. While there are many empirical studies on … technological progress in general, few are based on specific ICT indicators. Our review devotes equal space to each mainstream …
Persistent link: https://www.econbiz.de/10011979469
In this report we review the literature on the relationship between ICT and productivity. In Sect. 1 we discuss in … broad terms the theoretical relationship between ICT and productivity, while in Sect. 2 we present the growth accounting … methodology, which tries to measure the contributions to growth from difference sources (ICT and non ICT capital, human capital …
Persistent link: https://www.econbiz.de/10011979491
This paper examines whether ICT substitute labour and reduce the demand for labour. We used firm-level comparable data … separately for firms in manufacturing, services and ICT-producing sectors from seven European countries. We adopted a common … unobservable time-invariant firm-specific effects and we found no evidence of a negative relationship between intensity of ICT use …
Persistent link: https://www.econbiz.de/10011979761
methodology developed in Pellizzari and Fichen (2013). We define every worker as well-matched if her ICT skills fall in between …
Persistent link: https://www.econbiz.de/10011980260
This report consists of three studies. The first study presents new empirical evidence on the impact of ICT … evidence on the impact of ICT/e-commerce indicators on the skill intensity measured as the share of workers with a university … degree. The third study investigates whether and to what extent ICT/e-commerce activities are enablers of innovation …
Persistent link: https://www.econbiz.de/10011980305
Persistent link: https://www.econbiz.de/10012585005
In this paper, we show both theoretically and empirically that the size of over-the-counter (OTC) markets can be reduced without affecting individual net positions. First, we find that the networked nature of these markets generates an excess of notional obligations between the aggregate gross...
Persistent link: https://www.econbiz.de/10011976943
Using variance decompositions in vector auto-regressions (VARs) we model a high-dimensional network of European CDS spreads to assess the transmission of credit risk to the non-financial corporate sector. Our findings suggest a sectoral clustering in the CDS network, where financial institutions...
Persistent link: https://www.econbiz.de/10011978741
We show that the news is a rich source of data on distressed firm links that drive firm- level and aggregate risks. The news tends to report about links in which a less popular firm is distressed and may contaminate a more popular firm. This constitutes a contagion channel that yields...
Persistent link: https://www.econbiz.de/10012162712