Telecommunications Dynamics, Output and Employment

Andre Jungmittag and Paul Welfens

No disbei195, EIIW Discussion paper from Universitätsbibliothek Wuppertal, University Library

Abstract: In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasiinput factor in all firms. Integrating the use of telecommunications in a macroeconomic production function is the analytical starting point for our interdependent analysis of output, use of telecommunications and employment. Based on unit root and co-integration analysis as well as an error correction three-equation model which is estimated simultaneously, we present results both on long run links and short run links between telecommunications, output and employment. Considering various scenarios suggests that a fall in the relative price of telecommunications can generate a cumulated employment increase of 760,000 within seven years in Germany. The institutional setup for regulating telecommunications could be improved in Germany and other EU countries; investor-friendly regulation is required.

Keywords: Telecommunications; Employment; Growth; Knowledge Society; Regulation (search for similar items in EconPapers)
JEL-codes: E0 L96 O0 (search for similar items in EconPapers)
Pages: 35 Pages
Date: 2013-09
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Related works:
Journal Article: Telecommunications dynamics, output and employment (2014)
Working Paper: Telecommunications Dynamics, Output and Employment (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:bwu:eiiwdp:disbei195

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