Technology, market regulations and labour share dynamics [Conference item]
O'Mahony, Mary, Venturini, Francesco and Vecchi, Michela 
ORCID: https://orcid.org/0000-0002-0129-6769
(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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[Conference or Workshop Item]
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Abstract
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. |
| Useful Links: | |
| Depositing User: | Michela Vecchi |
| Date Deposited: | 14 May 2015 09:55 |
| Last Modified: | 12 Oct 2019 21:22 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/15990 |
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