Pissarides, Christopher A.; Vallanti, Giovanna - Centre for Economic Performance, LSE - 2004
, capitalization effect,
unemployment dynamics, embodied technology
JEL Classification: E24, J64, O51, O52
This paper was … inconsistent with the Schumpeterian assumption
of embodied technology and creative destruction. We find support for the
Solow … temporary.
2
It should be emphasized that when we say embodied technology, we mean embodied
in new jobs, not only in new capital …