Template-Type: ReDIF-Paper 1.0
Author-Name: Giovanni Dosi
Author-X-Name-First: Giovanni
Author-X-Name-Last: Dosi
Author-Email: gdosi@santannapisa.it
Author-Workplace-Name: Institute of Economics, Scuola Superiore Sant’Anna, Pisa
Author-Name: Mariacristina Piva
Author-X-Name-First: Mariacristina
Author-X-Name-Last: Piva
Author-Email: mariacristina.piva@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Maria Enrica Virgillito
Author-X-Name-First: Maria Enrica
Author-X-Name-Last: Virgillito
Author-Email: mariaenrica.virgillito@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Marco Vivarelli
Author-X-Name-First: Marco
Author-X-Name-Last: Vivarelli
Author-Email: marco.vivarelli@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica - UNU-MERIT, Maastricht, The Netherlands and IZA, Bonn, Germany
Title: Technology and employment in a vertically connected economy: a model and an empirical test
Abstract: This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change turns out to positively affect employment dynamics in the “upstream’’ sectors, while expansionary investment does so in the “downstream’’ industries. Conversely, the replacement of obsolete capital vintages tends to exert a negative impact on labour demand, although this effect turns out to be statistically less robust.
Length: 28
Creation-Date: 2019-06
File-URL: http://dipartimenti.unicatt.it/politica-economica-DIPE0005.pdf
File-Format: Application/pdf
File-Function: First version, 2019
Number: dipe0005
Classification-JEL: O14, O31, O33
Keywords: Innovation, disembodied and capital-embodied technological change, employment, job-creation, job-destruction, sectoral interdependencies
Handle: RePEc:ctc:serie5:dipe0005