Alexiadis, Stilianos Eleftheriou, Konstantinos Nijkamp, Peter
Year of Publication:
Tinbergen Institute Discussion Paper 11-163/3
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.
Search Theory Technological Shock Technology Adoption