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Labor Market Dynamics and Technology Adoption: Theory and Empirical Evidence

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  • Stilianos Alexiadis

    (Ministry of Rural Development & Foods)

  • Konstantinos Eleftheriou

    (University of Piraeus)

  • Peter Nijkamp

    (VU University Amsterdam)

Abstract

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.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 11-163/3.

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Date of creation: 16 Nov 2011
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Handle: RePEc:dgr:uvatin:20110163

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Web page: http://www.tinbergen.nl

Related research

Keywords: Search Theory; Technological Shock; Technology Adoption;

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  1. Michael Elsby & Bart Hobijn & Aysegul Sahin, 2008. "Unemployment Dynamics in the OECD," NBER Working Papers 14617, National Bureau of Economic Research, Inc.
  2. Eleftheriou, Konstantinos, 2011. "Efficiency and specialization: A search theoretic approach," Economic Modelling, Elsevier, Elsevier, vol. 28(1-2), pages 229-238, January.
  3. Mukoyama, Toshihiko & Sahin, Aysegül, 2009. "Specialization and efficiency with labor-market matching," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 33(1), pages 221-236, January.
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