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Embodied and disembodied technological change: The sectoral patterns of job-creation and job-destruction

  • Giovanni Dosi
  • , Mariacristina Piva
  • , Maria Enrica Virgillito
  • , Marco Vivarelli

Research output: Working paper / PreprintWorking paper

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Abstract

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 turns out to positively affect employment dynamics in the "upstream'' sectors, while expansionary investment does so in the "downstream'' industries. Conversely, the replacement of obsolete capital vintages tends to exert a negative impact on labour demand, although this effect turns out to be statistically less robust.
Original languageEnglish
Place of PublicationMaastricht
PublisherUNU-MERIT
Publication statusPublished - 4 Jun 2019

Publication series

SeriesUNU-MERIT Working Papers
Number020
ISSN1871-9872

JEL classifications

  • o14 - "Industrialization; Manufacturing and Service Industries; Choice of Technology"
  • o31 - Innovation and Invention: Processes and Incentives
  • o33 - "Technological Change: Choices and Consequences; Diffusion Processes"

Keywords

  • Innovation
  • disembodied and capital-embodied technological change
  • employment
  • job-creation
  • job-destruction
  • sectoral interdependencies

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