Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4990 |
DP4990 Cooperation in International Banking Supervision | |
Thomas Rønde; Cornelia Holthausen | |
发表日期 | 2005-04-23 |
出版年 | 2005 |
语种 | 英语 |
摘要 | Theoretical predictions of the impact of TFP growth on unemployment are ambiguous, and depend on the extent to which new technology is embodied in new jobs. We evaluate a model with embodied and disembodied technology, capitalization, and creative destruction effects by estimating the impact of TFP growth on unemployment in a panel of industrial countries. We find a large negative impact which implies that embodied technology and creative destruction play no role in the steady-state dynamics of unemployment. Capitalization effects explain some of the estimated impact but a part remains unexplained. |
主题 | International Macroeconomics |
关键词 | Tfp growth Unemployment Creative destruction Capitalization effect Embodied technology |
URL | https://cepr.org/publications/dp4990 |
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/533888 |
推荐引用方式 GB/T 7714 | Thomas Rønde,Cornelia Holthausen. DP4990 Cooperation in International Banking Supervision. 2005. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。