Technology and employment in a vertically connected economy: a model and an empirical test

Giovanni Dosi, Mariacristina Piva, M. E. Virgillito and Marco Vivarelli ()

No 355, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: 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; jobcreation; job-destruction; sectoral interdependencies (search for similar items in EconPapers)
JEL-codes: O14 O31 O33 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-ino and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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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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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:355

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