Technological Progress, Income Distribution, and Unemployment: Theory and Empirics (SpringerBriefs in Economics) - Image 1

£48.72

Springer Technological Progress, Income Distribution, and Unemployment: Theory and Empirics (SpringerBriefs in Economics)

Name: Technological Progress, Income Distribution, and Unemployment: Theory and Empirics (SpringerBriefs in Economics)
Brand: Springer
Price: 46.38 GBP
Availability: InStock

Econometrics

Price History & Forecast

Last 80 days • 80 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 80 days • 3 price levels

Days at Price

Current Price

Price Analysis

Most common price: £47 (44 days, 55.0%)

Price range: £46 - £49

Price levels: 3 different prices over 80 days

Description

This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have begun to realize the importance of biased technological changes. However, the comprehensive explanations have not yet appeared. This volume analyzes the effects of factor-biased technological progress on growth and income distribution and shows that long-run trends of the capital-income ratio and capital share of income consistent with Piketty’s 2014 empirical results emerge. Incorporating the modified version of induced innovation theory into the standard neoclassical growth model, it also explains the long-run fluctuations of growth and income distribution consistent with the data shown in Piketty. Introducing a wage-setting function, the neoclassical growth model is modified to account for unemployment as well as to examine the dynamics of unemployment and the labor share of income under biased technological progress. Applying a new econometric method to Japanese industrial data, the authors test the key assumptions employed and important results derived in the theoretical part of this book.

Product Specifications

Brand: Springer
Format: paperback
ASIN: 981133725X
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 17 January 2019
Listed Since: 13 November 2018

Barcode

No barcode data available

Springer Technological Progress, Income Distribution, and Unemployment: Theory and Empirics (SpringerBriefs in Economics)

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Innovation and Firm Performance: An Empirical Investigation for German Firms: 38 (ZEW Economic Studies, 38)

The Personal Distribution of Income in an International Perspective

Globalization of the Economy, Unemployment and Innovation: Structural Change, Schumpetrian Adjustment, and New Policy Challenges

Human Capital and Economic Growth: The Impact of Health, Education and Demographic Change

Technological Progress and the Transformation of China’s Economic Development Mode

Karl Polanyi and the Paradoxes of the Double Movement (Routledge Studies in Social and Political Thought)

INCOME DISTRIBUTION IN A CORPORATE ECONOMY (New Directions in Modern Economics series)

Thinking about Growth: And Other Essays on Economic Growth and Welfare (Studies in Economic History and Policy: USA in the Twentieth Century)

Economic Efficiency and Productivity Growth in the Asia-pacific Region (Academia Studies in Asian Economies series)

Technology and the Future of European Employment

INCOME INEQUALITY IN OECD COUNTRIES: WHAT ARE THE DRIVERS AND POLICY OPTIONS?

Measuring and Accounting for Innovation in the Twenty-First Century (National Bureau of Economic Research Studies in Income and Wealth)

Extreme Inequalities in Contemporary Capitalism: Should We Be Concerned About the Rich?

Wages, School Quality, and Employment Demand (IZA Prize in Labor Economics)

Schumpeter’s Capitalism, Socialism and Democracy: A Twenty-First Century Agenda (Routledge Studies in the History of Economics)

Economic Growth: New Directions in Theory and Policy

Economic Theory for the Real World (Routledge Frontiers of Political Economy)

Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action (Routledge Advances in Heterodox Economics)

Widening Income Distribution in Post-Handover Hong Kong

A Millennial View of Spain’s Development: Essays in Economic History (Frontiers in Economic History)

Elgar Companion to Neo-Schumpeterian Economics

Global Keynesianism: Unequal Exchange and Global Exploration

Explaining Unemployment: Econometric Models for the Netherlands: 250 (Contributions to Economic Analysis, 250)

Investment, Employment And Income Distribution