Technology, market regulations and labour share dynamics [Conference item]

O'Mahony, Mary, Venturini, Francesco and Vecchi, Michela ORCID: (2014) Technology, market regulations and labour share dynamics [Conference item]. In: 12th ZEW Conference on the Economics of Information and Communication Technologies, 16-17 June 2014, Mannheim. .

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We investigate the causes of the declining trend in labour shares using a large industry level data set. We control for the time series properties of the data and for the presence of cross-sectional dependence. Our results show that technological changes (TFP) and ICT capital are a major source of the decline. However, knowledge capital (R&D and patents) increases labour shares, as well as more stringent regulations on Intellectual Property Rights (IPR). Other institutional factors do not play a significant role. Our results also show that hysteresis characterizes the dynamics of labour shares in all countries.

Item Type: Conference or Workshop Item (Paper)
Research Areas: A. > Business School > Economics
Item ID: 15990
Notes on copyright: Access to full text restricted pending copyright check.
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Depositing User: Michela Vecchi
Date Deposited: 14 May 2015 09:55
Last Modified: 12 Oct 2019 21:22

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