Patents as a Measure of Technology Shocks and the Aggregate U.S. Labor Market.

In a market-clearing labor market model, cointegration arises between labor services, real wages, and I(1) technology shocks with two cointegrating vectors in the error correction VAR from the market. Using patent data to measure technology shocks, patents are found to be I(1), they are cointegrated...

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Publicado en:	Economic Inquiry Vol. 43; no. 1; pp. 121 - 138
Autor principal:	Rossana, Robert J.
Formato:	Artículo
Publicado:	Wiley-Blackwell January 2005
Materias:	Labor demand Mathematical models of job vacancies Patents Mathematical models Economic shock Technological innovations & economics
Acceso en línea:	Ver este registro en EBSCOhost