G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4990
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
URLhttps://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.
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