Showing 1 - 10 of 12
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low productivity levels that emerging countries reveal, the accumulation of productive capabilities and a narrower dispersion across sectors would enable emerging countries to...
Persistent link: https://www.econbiz.de/10013465158
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low productivity levels that emerging countries reveal, the accumulation of productive capabilities and a narrower dispersion across sectors would enable emerging countries to...
Persistent link: https://www.econbiz.de/10014229653
In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...
Persistent link: https://www.econbiz.de/10011565231
Evolutionary theories of economic change identify the processes of idiosyncratic learning by individual firms and of market selection as the two main drivers of the dynamics of industries. Are such processes able to robustly account for the statistical regularities which industrial structures...
Persistent link: https://www.econbiz.de/10010502702
In this paper we propose a novel sectoral taxonomy integrating three different attributes of sectors, namely i) the strategic dimension reflected into their belonging to different classes of the Pavitt taxonomy, ii) the capacity to create jobs both internally and externally with respect to their...
Persistent link: https://www.econbiz.de/10013363016
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...
Persistent link: https://www.econbiz.de/10012159270
debate, especially in phases of economic recession. So far, the effects of innovation - in its manifold declinations and … different compensation mechanisms through which employment adjusts after an innovation is introduced. Secondly, it critically … attempt to conceptualize a number of stylized facts and empirical regularities on the innovation-employment nexus. …
Persistent link: https://www.econbiz.de/10011444456
Persistent link: https://www.econbiz.de/10012643892
This paper presents an agent-based model (ABM) of endogenous arrival of technological paradigms and new sectors entailing different patterns of labour creation and destruction, as well as of consumption dynamics. The model, building on the labour-augmented K+S ABM, addresses the long-term...
Persistent link: https://www.econbiz.de/10012520255
macro-regions characterized by identical initial conditions in terms of productive and innovation structures, but different …
Persistent link: https://www.econbiz.de/10013256952