| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4504 |
| DP4504 Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise | |
| Thomas Rutherford; James Markusen | |
| 发表日期 | 2004-07-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We decompose the low-frequency movements in labour productivity into an investment-neutral and investment-specific technology component. We show that neutral technology shocks cause an increase in job creation and job destruction and lead to a reduction in aggregate employment. Investment-specific technology shocks reduce job destruction, have mild effects on job creation and are expansionary. We construct a general equilibrium search model with neutral and investment-specific technological progress. We show that the model can replicate these findings if neutral technological progress is mainly embodied into new jobs, while investment-specific technological progress benefits (almost) equally old and new jobs. Thus neutral technological advances prompt waves of Schumpeterian creative destruction, while the adoption of investment-specific technologies operates mainly as in the standard neoclassical growth model. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Search frictions Technological progress Creative destruction |
| URL | https://cepr.org/publications/dp4504 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533444 |
| 推荐引用方式 GB/T 7714 | Thomas Rutherford,James Markusen. DP4504 Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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