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dc.contributor.authorBaldwin, Richard
dc.contributor.authorHaaland, Jan I.
dc.contributor.authorVenables, Anthony J.
dc.date.accessioned2021-01-22T07:07:15Z
dc.date.available2021-01-22T07:07:15Z
dc.date.issued2021-01-21
dc.identifier.issn0804-6824
dc.identifier.urihttps://hdl.handle.net/11250/2724191
dc.description.abstractThe impact of technological progress on jobs and wages has been subject to much empirical and some theoretical work. However, most of this literature has not addressed the general equilibrium interplay between the productive factors that are affected, the sectors in which these factors are used, and the consequent changes in the structure of employment and factor returns. This paper draws on tools from general equilibrium trade theory to provide an integrated approach to these issues. The analysis centres around three key elasticities linking technological change to jobs – the jobs-displacing substitution effect, the job-creating demand effect, and the general-equilibrium effects, through which factors are reallocated between sectors. The results highlight the role of relative factor intensities and the importance of openness in determining the effects of technology on jobs, wages, and structural change. The implications of interaction between non-tradable and tradable sectors are analysed.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDP SAM;01/2021
dc.subjectTechnical change, wages, employment, factor intensityen_US
dc.titleJobs and technology in general equilibrium: A three-elasticities approachen_US
dc.typeWorking paperen_US
dc.subject.nsiSamfunnsvitenskapen_US
dc.source.pagenumber26en_US


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