Telecommunications Dynamics, Output and Employment
Andre Jungmittag and
No 2379, IZA Discussion Papers from Institute of Labor Economics (IZA)
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 are 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.
Keywords: growth; employment; telecommunications; knowledge society; regulation (search for similar items in EconPapers)
JEL-codes: E0 L96 O0 (search for similar items in EconPapers)
Pages: 20 pages
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Journal Article: Telecommunications dynamics, output and employment (2014)
Working Paper: Telecommunications Dynamics, Output and Employment (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp2379
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