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This paper studies the employment effects of technological change when benefits are endogenous. If the (i) level of welfare aid depends on the general income level in the economy and (ii) wages for unskilled workers cannot fall below the level of welfare aid, there is a link between the wage for...
Persistent link: https://www.econbiz.de/10014210824
The assessment of climate change mitigation policies through economic modeling depends crucially on assumptions under which technological change has been incorporated in the model. Earlier climate-energy-economics modeling attempts heavily relied on the assumption of exogenous technological...
Persistent link: https://www.econbiz.de/10009704252
&D ; innovation ; endogenous growth ; bargaining; indeterminacy …
Persistent link: https://www.econbiz.de/10009704933
innovation by combining the analysis of both micro and meso levels, i.e. the level of the firm and of the geographical region …. Our findings, based on the Fourth UK Community Innovation Survey (CIS), provide new insights regarding the relationship … between cooperative linkages for innovation and the development of technological capabilities by business units. Firstly, the …
Persistent link: https://www.econbiz.de/10012763920
This paper presents a model in which perpetual skill-biased technological change does not lead to ever increasing wage inequality. The model is consistent with the increase in wage inequality in the 1980s and the subsequent stabilization in the 1990s
Persistent link: https://www.econbiz.de/10012765035
Despite being critical parameters in many economic fields, the received wisdom, in theoretical and empirical literatures, states that joint identification of the elasticity of capital-labor substitution and technical bias is infeasible. This paper challenges that pessimistic interpretation....
Persistent link: https://www.econbiz.de/10012765623
This article considers an economy whose production function takes both renewable and non-renewable resources as inputs. We extend the current literature by allowing for exogenous technical change in the elasticity of substitution between these two types of resources. In addition, we study the...
Persistent link: https://www.econbiz.de/10012707952
This paper studies the possibilities of technical progress to deal with the growth limit problem imposed by the usage of non-renewable energy resources, when physical capital production is relatively more energy-intensive than consumption. In particular, this work presents the conditions under...
Persistent link: https://www.econbiz.de/10012709471
suggested by standard economic theory? We develop a theory of extraction technology, geology and growth grounded in stylized … returns in innovation. As a result, the aggregate growth rate depends partly on the geological distribution of resources. For …
Persistent link: https://www.econbiz.de/10012855796
Population growth has two potentially counteracting effects on pollution emissions:(i) more people implies more production and thereby more emissions, and (ii) more people implies a larger research capacity which might reduce the emission intensity of production, depending on the direction of...
Persistent link: https://www.econbiz.de/10012859107