The Impact of TFP Growth on Steady-State Unemployment
The Impact of TFP Growth on Steady-State Unemployment
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TFP 增长对稳态失业率的影响
DOI：
10.1111/j.1468-2354.2007.00439.x
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发表时间：
2005
期刊：
影响因子：
--
通讯作者：
Giovanna Vallanti
中科院分区：
文献类型：
--
作者：
C. Pissarides;Giovanna Vallanti
关于全要素生产率增长对失业率影响的理论预测是模棱两可的，取决于新技术在新就业中的体现程度。我们通过估计一组工业国的全要素生产率增长对失业率的影响，评估了一个具有具体化和非具体化技术、资本化和创造性破坏效应的模型。我们发现了一个很大的负面影响，这意味着具体化的技术和创造性的破坏在失业的稳态动态中没有发挥作用。资本化效应解释了一些估计的影响，但部分仍未解释。
Theoretical predictions of the impact of TFP growth on unemployment are ambiguous, and depend on the extent to which new technology is embodied in new jobs. We evaluate a model with embodied and disembodied technology, capitalization, and creative destruction effects by estimating the impact of TFP growth on unemployment in a panel of industrial countries. We find a large negative impact which implies that embodied technology and creative destruction play no role in the steady-state dynamics of unemployment. Capitalization effects explain some of the estimated impact but a part remains unexplained.