Technological Progress, Income Distribution, and Unemployment: Theory and Empirics
Gespeichert in:
| Hauptverfasser: | , , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Singapore
Springer
[2019]
|
| Schriftenreihe: | SpringerBriefs in Economics : Kobe University Social Science Research Series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xi, 90 Seiten Diagramme |
| ISBN: | 9789811337253 |
Internformat
MARC
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| 245 | 1 | 0 | |a Technological Progress, Income Distribution, and Unemployment |b Theory and Empirics |c Hideyuki Adachi, Kazuyuki Inagaki, Tamotsu Nakamura, Yasuyuki Osumi |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-030804574 | ||
Datensatz im Suchindex
| _version_ | 1804179296271466496 |
|---|---|
| adam_text | Contents
1 Growth and Income Distribution Under Biased Technological
Progress.............................................................. 1
1.1 Introduction......................................................... 1
1.2 Long-Term Fluctuations in Income Distribution—Piketty’s
Empirical Results and Theoretical Explanation........................ 3
1.2.1 Piketty’s Empirical Results................................... 3
1.2.2 Piketty’s Theoretical Explanation............................. 6
1.3 Analysis of Growth and Income Distribution Based
on the Neoclassical Growth Model..................................... 7
1.3.1 A Neoclassical Growth Model Including Biased
Technological Progress....................................... 7
1.3.2 Classification of Technological Progress...................... 8
1.3.3 Growth and Income Distribution Under Neutral
Technological Progress ..................................... 10
1.4 Economic Growth and Income Distribution Under Biased
Technological Progress.............................................. 12
1.4.1 Capital-Labor Substitution: An Elasticity
Less Than Unity............................................. 12
1.4.2 The Case of Labor-Saving Technological
Progress (/? 0 and a 1).............................. 13
1.4.3 The Case of Capital-Saving Technological
Progress (/? 0 and cr 1)................................ 16
1.4.4 The Case in Which the Elasticity of Substitution
Between Labor and Capital a Is Larger Than Unity......... 17
IX
X
Contents
1.5 Conditions for the Introduction of Biased Technology
and Its Direct Effects...................................... 18
1.5.1 Conditions for the Introduction of Biased Technology .... 18
1.5.2 Direct Effects of the Introduction of Biased
Technology........................................... 20
1.6 Conclusions................................................. 22
2 Growth and Income Distribution Under Induced Innovation.......... 23
2.1 Introduction.................................................. 23
2.2 Decisions on Employment, Investment and Technology............ 25
2.3 Long-Run Dynamics and Biased Technological Progress........... 29
2.3.1 The Model of Long-Run Dynamics....................... 29
2.3.2 Dynamics When a 1.................................. 33
2.3.3 Dynamics When a 1.................................... 34
2.3.4 The Effects of Population Growth and Saving Rates.... 35
2.4 Interactions Between Innovation and Capital Accumulation.... 38
2.4.1 Investment and Technological Progress.................. 38
2.4.2 The Long-Run Model and Dynamics........................ 38
2.5 Optimal Technological Progress for the Firm and for Society
as a Whole.................................................... 41
2.6 Conclusions................................................... 43
Mathematical Appendix............................................. 44
3 Technological Progress and Unemployment............................ 47
3.1 Introduction.................................................. 47
3.2 Model......................................................... 49
3.3 Growth and Employment......................................... 53
3.3.1 Dynamics of the Employment Rate........................ 53
3.3.2 The Steady State Equilibrium and the Employment
Rate .................................................. 54
3.3.3 Monopoly and the Labor Market.......................... 57
3.4 Biased Technological Progress and Unemployment................ 58
3.4.1 Decisions of Firms on the Type of Technological
Progress............................................... 58
3.4.2 Effects of Biased Technological Progress
on Unemployment........................................ 59
3.5 Induced Innovation and Unemployment........................... 60
3.5.1 A Model of Innovation and Unemployment................. 60
3.5.2 Dynamics and Unemployment: The Case of a 1 ........ 63
3.5.3 Dynamics and Unemployment: The Case of a 1......... 64
3.6 Profit Maximization Versus Social Welfare Maximization........ 66
3.7 Conclusions.................................................. 68
Contents
xi
4 Empirical Analysis of Biased Technological Progress.................. 69
4.1 New Procedure for Estimation of Efficiency Coefficients
and Elasticity of Substitution.................................... 69
4.1.1 Model...................................................... 69
4.1.2 Data....................................................... 73
4.1.3 Estimation Results of a.................................... 73
4.2 Estimation of Efficiency Coefficients A and B..................... 75
4.3 Introduction of Biased Technology................................. 76
4.4 Interpretation for the Dynamics of the Labor Share
of Income......................................................... 78
4.4.1 Graphical Analysis......................................... 78
4.4.2 Estimation of Error Correction Model....................... 79
4.5 Empirical Analysis of a Trade-off Between Types
of Technological Progress......................................... 80
4.6 Effects of Technological Progress on Unemployment................. 80
4.7 Conclusions....................................................... 82
5 Concluding Remarks ..................................................... 85
5.1 Interpretation of the Results..................................... 85
5.2 Policy Implications and Further Research.......................... 87
References................................................................. 89
|
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| id | DE-604.BV045418659 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:17:37Z |
| institution | BVB |
| isbn | 9789811337253 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030804574 |
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| physical | xi, 90 Seiten Diagramme |
| publishDate | 2019 |
| publishDateSearch | 2019 |
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| publisher | Springer |
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| series2 | SpringerBriefs in Economics : Kobe University Social Science Research Series |
| spelling | Adachi, Hideyuki 1940- Verfasser (DE-588)17069030X aut Technological Progress, Income Distribution, and Unemployment Theory and Empirics Hideyuki Adachi, Kazuyuki Inagaki, Tamotsu Nakamura, Yasuyuki Osumi Singapore Springer [2019] xi, 90 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier SpringerBriefs in Economics : Kobe University Social Science Research Series Einkommensverteilung (DE-588)4013898-7 gnd rswk-swf Arbeitslosigkeit (DE-588)4002730-2 gnd rswk-swf Technischer Fortschritt (DE-588)4059252-2 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Macroeconomics Economic policy Economic development Econometrics Technischer Fortschritt (DE-588)4059252-2 s Einkommensverteilung (DE-588)4013898-7 s Arbeitslosigkeit (DE-588)4002730-2 s Wirtschaftswachstum (DE-588)4066527-6 s Makroökonomisches Modell (DE-588)4074486-3 s b DE-604 Inagaki, Kazuyuki Verfasser aut Nakamura, Tamotsu 1962- Verfasser (DE-588)171578783 aut Osumi, Yasuyuki 1961- Verfasser (DE-588)1074775627 aut Erscheint auch als Online-Ausgabe 978-981-13-3726-0 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030804574&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Adachi, Hideyuki 1940- Inagaki, Kazuyuki Nakamura, Tamotsu 1962- Osumi, Yasuyuki 1961- Technological Progress, Income Distribution, and Unemployment Theory and Empirics Einkommensverteilung (DE-588)4013898-7 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Technischer Fortschritt (DE-588)4059252-2 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4013898-7 (DE-588)4002730-2 (DE-588)4059252-2 (DE-588)4074486-3 (DE-588)4066527-6 |
| title | Technological Progress, Income Distribution, and Unemployment Theory and Empirics |
| title_auth | Technological Progress, Income Distribution, and Unemployment Theory and Empirics |
| title_exact_search | Technological Progress, Income Distribution, and Unemployment Theory and Empirics |
| title_full | Technological Progress, Income Distribution, and Unemployment Theory and Empirics Hideyuki Adachi, Kazuyuki Inagaki, Tamotsu Nakamura, Yasuyuki Osumi |
| title_fullStr | Technological Progress, Income Distribution, and Unemployment Theory and Empirics Hideyuki Adachi, Kazuyuki Inagaki, Tamotsu Nakamura, Yasuyuki Osumi |
| title_full_unstemmed | Technological Progress, Income Distribution, and Unemployment Theory and Empirics Hideyuki Adachi, Kazuyuki Inagaki, Tamotsu Nakamura, Yasuyuki Osumi |
| title_short | Technological Progress, Income Distribution, and Unemployment |
| title_sort | technological progress income distribution and unemployment theory and empirics |
| title_sub | Theory and Empirics |
| topic | Einkommensverteilung (DE-588)4013898-7 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd Technischer Fortschritt (DE-588)4059252-2 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | Einkommensverteilung Arbeitslosigkeit Technischer Fortschritt Makroökonomisches Modell Wirtschaftswachstum |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030804574&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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