| dc.contributor.author | Pissarides, Christopher A. | en |
| dc.contributor.author | Vallanti, Giovanna | en |
| dc.creator | Pissarides, Christopher A. | en |
| dc.creator | Vallanti, Giovanna | en |
| dc.date.accessioned | 2019-05-03T05:23:08Z | |
| dc.date.available | 2019-05-03T05:23:08Z | |
| dc.date.issued | 2007 | |
| dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47986 | |
| dc.description.abstract | Theoretical predictions of the impact of total factor productivity (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. In econometric estimates with a panel of industrial countries we find a large negative impact of TFP growth on unemployment, 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. | en |
| dc.language.iso | eng | en |
| dc.source | International Economic Review | en |
| dc.title | The impact of TFP growth on steady-state unemployment | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.identifier.doi | 10.1111/j.1468-2354.2007.00439.x | |
| dc.description.volume | 48 | |
| dc.description.startingpage | 607 | |
| dc.description.endingpage | 640 | |
| dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
| dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
| dc.type.uhtype | Article | en |
| dc.contributor.orcid | Pissarides, Christopher A. [0000-0002-0695-058X] | |
| dc.description.totalnumpages | 607-640 | |
| dc.gnosis.orcid | 0000-0002-0695-058X | |
