کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
971903 | 932420 | 2010 | 10 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Investment-specific technical progress, capital obsolescence and job creation
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
This paper shows that faster disembodied technological progress – if it is investment-specific – might reduce job creation because the obsolescence cost of capital increases, which reduces the net return of a job. This effect could be called the obsolescence effect. It is also shown that the increase in the rate of decline of the U.S. relative price of investment – which can be used as a proxy for the rate of investment-specific technical progress – may have increased the obsolescence costs of capital, which might account for the observed fall in U.S. vacancy–unemployment ratios and job finding rates after the mid-seventies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Labour Economics - Volume 17, Issue 1, January 2010, Pages 248–257
Journal: Labour Economics - Volume 17, Issue 1, January 2010, Pages 248–257
نویسندگان
Fernando del Rio,