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The Economics of Technology and Employment - Theory and Empirical Evidence (Hardcover)
Loot Price: R3,288
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The Economics of Technology and Employment - Theory and Empirical Evidence (Hardcover)
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The impact of technical change on employment is investigated in
this important new book which offers a critical appraisal of how
far current economic analysis and theory can deal with this key
policy issue.The Economics of Technology and Employment addresses
the impact of technical change on employment from both theoretical
and empirical perspectives. After an analytical discussion of
theoretical propositions and models put forward by classical and
contemporary economists, Dr Vivarelli develops a model to examine
the extent to which worker displacement due to technical progress
can be offset by compensatory market forces. This model is tested
using Italian and US aggregate time-series data. The theoretical
discussion and empirical results are combined to demonstrate that
the employment impact of labour saving technologies can only be
partially counter-balanced by market forces and so economic policy
measures could be necessary. This important and innovative volume
will be welcomed by economists and policymakers as a major
contribution to our theoretical understanding of employment,
industrial innovation and technical change.
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