Telecommunications dynamics, output and employment
Andre Jungmittag and
International Economics and Economic Policy, 2014, vol. 11, issue 1, 179-195
In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasi-input 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. Copyright Springer-Verlag Berlin Heidelberg 2014
Keywords: Telecommunications; Employment; Growth; Knowledge Society; Regulation; E 0; L 96; O 0 (search for similar items in EconPapers)
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Working Paper: Telecommunications Dynamics, Output and Employment (2013)
Working Paper: Telecommunications Dynamics, Output and Employment (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:iecepo:v:11:y:2014:i:1:p:179-195
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