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http://hdl.handle.net/11328/778| Title: | Technology structure and skill Structure: costly investment and complementarity effects quantification. |
| Authors: | Sochirca, Elena Afonso, Óscar Gil, Pedro Mazeda |
| Keywords: | High-tech Low-tech Skills Complementarity Tobin-q Technological-knowledge bias |
| Issue Date: | 2014 |
| Citation: | Sochirca, E., Gil, P., Afonso, O. (2014). Technology structure and skill Structure: costly investment and complementarity effects quantification. Journal of Macroeconomics, 40, 172-189. |
| Abstract: | 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- versus low-tech sectors) and the skill structure (high- versus low-skilled workers), by considering an explicit role for the (potential) com- plementarity between technological goods; (ii) the Tobin-q and the technology characteristics of the rms through their impact on economic growth. Our es- timation and calibration exercise suggests the existence of a moderate degree of complementarity and of an elastic relationship between the Tobin-q and key tech- nology parameters. |
| URI: | http://hdl.handle.net/11328/778 |
| ISSN: | 0164-0704 |
| Appears in Collections: | REMIT – Artigos em Revistas Internacionais / Papers in International Journals |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Acesso Embargado.2.pdf | 410.28 kB | Adobe PDF | View/Open |
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