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Labor Market Dynamics and Technology Adoption: Theory and Empirical Evidence

Stilianos Alexiadis, Konstantinos Eleftheriou and Peter Nijkamp

No 11-163/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Using 'search' theory, technology adoption is conceived of as a critical factor in the aftermath of a technological shock, which increases employment in the leading sectors and total output in the economy. These implications are further investigated in the present paper, both formally and empirically. Our attempt to investigate this hypothesis empirically across ten OECD countries, appears to provide various affirmative results.

Keywords: Search Theory; Technological Shock; Technology Adoption (search for similar items in EconPapers)
JEL-codes: J62 J64 (search for similar items in EconPapers)
Date: 2011-11-16
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