EconPapers    
Economics at your fingertips  
 

Why Will Technical Change Not Be Permanently Skill-Biased?

Patricia Crifo and Etienne Lehmann ()

Review of Economic Dynamics, 2004, vol. 7, issue 1, 157-180

Abstract: We contribute to the debate on skill-biased technical change by studying the long-run dynamics of skill premia in an endogenous growth model in which technical change can be directed alternately towards different factors. We show that R&D resources tend to be directed alternately towards skill-intensive and unskilled-intensive goods, creating cycles in skill premia. If resources were constantly directed towards the same sector, an innovation in a different sector would not be threatened by future innovators. Hence, researchers are incited to switch from one sector to another, in order to avoid the negative effect of innovations constantly occuring in the same sector. (Copyright: Elsevier)

Keywords: Innovation-Driven Growth; Wage Inequality; Skill-Biased Technical Change; Cycles. (search for similar items in EconPapers)
JEL-codes: J31 O31 O41 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1016/S1094-2025(03)00053-X Full text (application/pdf)
Access to full texts is restricted to ScienceDirect subscribers and ScienceDirect institutional members. See http://www.sciencedirect.com/ for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:issued:v:7:y:2004:i:1:p:157-180

Ordering information: This journal article can be ordered from
https://www.economic ... ription-information/

DOI: 10.1016/S1094-2025(03)00053-X

Access Statistics for this article

Review of Economic Dynamics is currently edited by Jonathan Heathcote and Vincenzo Quadrini

More articles in Review of Economic Dynamics from Elsevier for the Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2019-04-25
Handle: RePEc:red:issued:v:7:y:2004:i:1:p:157-180