Technological Shocks and Employment: A Pick from the RBC Theory

Reihaneih Gaskari () and Alireza Eghbali ()
Additional contact information
Reihaneih Gaskari: University Canada West
Alireza Eghbali: Payame Noor University, Faculty Member of Economic Department

A chapter in Innovation, Sustainability, and Technological Megatrends in the Face of Uncertainties, 2024, pp 143-151 from Springer

Abstract: Abstract This chapter provides an analysis of the real business cycle (RBC) theory and its implications for employment in the context of technological advancements. It examines the criticisms of the RBC theory, particularly regarding the impact of technology on recessions, and presents the responses put forth by RBC proponents. Additionally, the chapter investigates the relationship between technology shocks and employment, considering different viewpoints and empirical evidence. The findings suggest that while technology can lead to job displacement in certain sectors, it also contributes to overall economic growth and employment opportunities. The chapter concludes by discussing the proposed solutions advocated by RBC theorists, emphasizing the importance of minimizing government regulations and promoting a deregulated economy to mitigate economic recessions.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:fuobcp:978-3-031-46189-7_9

Ordering information: This item can be ordered from
http://www.springer.com/9783031461897

DOI: 10.1007/978-3-031-46189-7_9

Access Statistics for this chapter

More chapters in Future of Business and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().