Technology Structure and Skill Structure: Costly Investment and Complementarity Effects Quantification

• Tipo: Artigo em Revista Científica Internacional
• Data: 2014

Autores

Elena Sochirca (Autor) FEP; Pedro Rui Mazeda Gil (Autor) FEP; Óscar Afonso (Autor) FEP

Revista

Título: Journal of Macroeconomics

Vol. 40

Páginas: 172-189

ISSN: 0164-0704

Editora: Elsevier

Indexação

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ISI Web of Science

Scopus - 0 Citações

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-009-K6B

DOI: 10.1016/j.jmacro.2014.03.007

Abstract (EN): Based on an extended model of endogenous directed technical change and on cross-country data, we identify and quantify the long-run link between: (i) the technology structure (high- vs. low-tech sectors) and the skill structure (high- vs. low-skilled workers), by considering an explicit role for the (potential) complementarity between technological goods; (ii) the Tobin-q and the technology characteristics of the firms through their impact on economic growth. Our estimation and calibration exercise suggests the existence of a moderate degree of complementarity and of an elastic relationship between the Tobin-q and key technology parameters.

Idioma: Inglês

Tipo (Avaliação Docente): Científica