Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/198034
Authors: 
Dosi, G.
Piva, M.
Virgillito, M. E.
Vivarelli, M.
Year of Publication: 
2019
Series/Report no.: 
GLO Discussion Paper No. 355
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.
Subjects: 
Innovation
disembodied and capital-embodied technological change
employment
jobcreation
job-destruction
sectoral interdependencies
JEL: 
O14
O31
O33
Document Type: 
Working Paper

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