Technology and employment in a vertically connected economy: a model and an empirical test
Giovanni Dosi (),
Mariacristina Piva (),
Maria Enrica Virgillito () and
Marco Vivarelli ()
No dipe0005, DISCE - Quaderni del Dipartimento di Politica Economica from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change turns out to positively affect employment dynamics in the “upstream’’ sectors, while expansionary investment does so in the “downstream’’ industries. Conversely, the replacement of obsolete capital vintages tends to exert a negative impact on labour demand, although this effect turns out to be statistically less robust.
Keywords: Innovation; disembodied and capital-embodied technological change; employment; job-creation; job-destruction; sectoral interdependencies (search for similar items in EconPapers)
JEL-codes: O14 O31 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-ino, nep-sbm and nep-tid
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Working Paper: Technology and employment in a vertically connected economy: a model and an empirical test (2019)
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