Title:Technology Adoption, Turbulence and the Dynamics of Unemployment
Author(s):DUERNECKER, GeorgDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2008/10Abstract:The divergence of unemployment rates between the U.S. and Europe coincided
with a substantial acceleration in capital-embodied technical change in the late 70’s.
Furthermore, evidence suggests that European economies ...