Search

Now showing items 1-6 of 6

Title:Labor share decline and intellectual property products capital Author(s):KOH, Dongya; SANTAEULÀLIA-LLOPIS, Raül; ZHENG, Yu EUI affiliated

Date:2015Type:Working PaperSeries/Number:EUI ECO; 2015/05Abstract:We study the behavior of the US labor share over the past 65 years. We find that intellectual property products (IPP) capital entirely accounts for the observed decline of the US labor share, which otherwise is secularly ...

Title:What can we learn about news shocks from the late 1990s and early 2000s boom-bust period? Author(s):BEN ZEEV, NadavDate:2013Type:Working PaperSeries/Number:EUI MWP; 2013/25Abstract:The boom-bust period of 1997-2003 is commonly viewed as an expectations-driven episode in which overly optimistic expectations about information and communications technology (ICT) were followed by their downward revision. ...

Title:Firm Dynamics Support the Importance of the Embodied Question Author(s):GABLER, Alain; LICANDRO, OmarDate:2009Type:Working PaperSeries/Number:EUI ECO; 2009/35Abstract:This paper contributes to the literature on both embodied technical progress and firm dynamics, by formulating an endogenous growth model where selection and imitation play a fundamental role in helping capital good ...

Title:Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks Author(s):FACCINI, Renato; ORTIGUEIRA, SalvadorDate:2008Type:Working PaperSeries/Number:EUI ECO; 2008/39Abstract:Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, ...

Title:Technology Adoption, Turbulence and the Dynamics of Unemployment Author(s):DUERNECKER, GeorgDate:2008Type:Working PaperSeries/Number: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 ...