89 lines
2.8 KiB
YAML
89 lines
2.8 KiB
YAML
|
abstract: 'With factor-biased technical progress described as labor-saving and
|
||
|
|
|
||
|
|
skill-biased technical changes, there are concerns that technological
|
||
|
|
|
||
|
|
innovation can lead to unemployment and widen inequality in the economy.
|
||
|
|
|
||
|
|
This study explores impacts of factor-biased technical changes on the
|
||
|
|
|
||
|
|
economic system in terms of economic growth, employment, and
|
||
|
|
|
||
|
|
distribution, using a computable general equilibrium (CGE) model. The
|
||
|
|
|
||
|
|
results show that technological innovation contributes to higher level
|
||
|
|
|
||
|
|
of economic growth with productivity improvements. However, our analysis
|
||
|
|
|
||
|
|
suggests that economic growth accompanied by skill- and capital-biased
|
||
|
|
|
||
|
|
technical progress disproportionately increases demand for capital and
|
||
|
|
|
||
|
|
high-skilled labor over skilled and unskilled labor. This shift in the
|
||
|
|
|
||
|
|
value-added composition is found to deepen income inequality, as more
|
||
|
|
|
||
|
|
people in higher income groups benefit from skill premium and capital
|
||
|
|
|
||
|
|
earnings. Our results suggest that policymakers should prepare a wide
|
||
|
|
|
||
|
|
range of policy measures, such as reforms in educational programs and
|
||
|
|
|
||
|
|
taxation systems, in order to ensure sustainable growth.'
|
||
|
|
affiliation: 'Yeo, Y (Corresponding Author), Seoul Natl Univ, Technol Management Econ
|
||
|
|
\& Policy Program, Seoul 151742, South Korea.
|
||
|
|
|
||
|
|
Jung, Sungmoon, Busan Inst S\&T Evaluat \& Planning, 79 Centum Jungang Ro, Busan,
|
||
|
|
South Korea.
|
||
|
|
|
||
|
|
Lee, Jeong-Dong; Yeo, Yeongjun, Seoul Natl Univ, Technol Management Econ \& Policy
|
||
|
|
Program, Seoul 151742, South Korea.
|
||
|
|
|
||
|
|
Hwang, Won-Sik, Korea Inst Ind Econ \& Trade, 370 Sicheong Daero, Sejong Si 30147,
|
||
|
|
South Korea.'
|
||
|
|
author: Jung, Sungmoon and Lee, Jeong-Dong and Hwang, Won-Sik and Yeo, Yeongjun
|
||
|
|
author-email: 'narkimess@snu.ac.kr
|
||
|
|
|
||
|
|
leejd@snu.ac.kr
|
||
|
|
|
||
|
|
yel0sik@snu.ac.kr
|
||
|
|
|
||
|
|
yyj913@snu.ac.kr'
|
||
|
|
author_list:
|
||
|
|
- family: Jung
|
||
|
|
given: Sungmoon
|
||
|
|
- family: Lee
|
||
|
|
given: Jeong-Dong
|
||
|
|
- family: Hwang
|
||
|
|
given: Won-Sik
|
||
|
|
- family: Yeo
|
||
|
|
given: Yeongjun
|
||
|
|
da: '2023-09-28'
|
||
|
|
doi: 10.1016/j.econmod.2016.10.014
|
||
|
|
eissn: 1873-6122
|
||
|
|
files: []
|
||
|
|
issn: 0264-9993
|
||
|
|
journal: ECONOMIC MODELLING
|
||
|
|
keywords: 'Innovation; Economic growth; Employment; Computable general equilibrium;
|
||
|
|
|
||
|
|
South Korea'
|
||
|
|
keywords-plus: 'TECHNOLOGICAL-CHANGE; INFORMATION TECHNOLOGY; WAGE INEQUALITY; SKILLED
|
||
|
|
|
||
|
|
LABOR; INNOVATION; INVESTMENT; LEVEL; EDUCATION; DEMAND'
|
||
|
|
language: English
|
||
|
|
month: JAN
|
||
|
|
number-of-cited-references: '64'
|
||
|
|
orcid-numbers: Yeo, Yeongjun/0000-0001-9782-3924
|
||
|
|
pages: 424-438
|
||
|
|
papis_id: 34b3fd459d8cc11c0cfb4b7fbd17c3b3
|
||
|
|
ref: Jung2017growthequity
|
||
|
|
times-cited: '26'
|
||
|
|
title: 'Growth versus equity: A CGE analysis for effects of factor-biased technical
|
||
|
|
progress on economic growth and employment'
|
||
|
|
type: Article
|
||
|
|
unique-id: WOS:000390502500036
|
||
|
|
usage-count-last-180-days: '6'
|
||
|
|
usage-count-since-2013: '92'
|
||
|
|
volume: '60'
|
||
|
|
web-of-science-categories: Economics
|
||
|
|
year: '2017'
|