Technological progress, human capital, and employment rate: an empirical analysis using P-ARDL models from 1960-2019

Daisy Caroline Nascimento Pereira () and Guilherme Jonas Costa da Silva ()

Brazilian Journal of Political Economy, 2025, vol. 45, issue 1, 86-103

Abstract: This paper aims to investigate the effects of technological progress, education,and human capital on employment in the short and long run using an econometric ARDLmodel for the period 1960-2019 across developed and developing countries. The hypothesiswas that technological progress destroys jobs at a faster rate than investments in educationand human capital can create. In the short run, the results confirmed the hypothesis thattechnological progress destroys relatively more jobs. However, in the long run, the resultsshowed that the coefficients for education and human capital in developing countries out-weighed those for technological progress, thus rejecting the hypothesis for this group ofcountries in the long run. For developed countries, coefficients for technological progressand investments in human capital were positive and significant. JEL Classification: E24; J24; O33.

Keywords: Technological Progress; Human Capital; Employment (search for similar items in EconPapers)
Date: 2025
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