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Article: Comment: Further sufficient conditions for an inverse relationship between productivity and employment

TitleComment: Further sufficient conditions for an inverse relationship between productivity and employment
Authors
Chow, KWWong, KP
Issue Date1999
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/qref
Citation
Quarterly Review Of Economics And Finance, 1999, v. 39 n. 4, p. 565-571 How to Cite?
DOI: http://dx.doi.org/10.1016/S1062-9769(99)00040-X
AbstractExtant empirical studies document that productivity gains due to technological progress often lead to reductions in employment. This paper rationalizes the stated empirical finding within the context of the theory of the competitive firm under price uncertainty. We show that technological progress affects employment adversely if the firm's coefficient of relative risk aversion is no less than unity and its production technology exhibits non-decreasing returns to scale. On the other hand, technological progress unambiguously increases output if the firm's preference has non-increasing absolute risk aversion. © 1999 Board of Trustees of the University of Illinois. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85519
ISSN
1062-9769
2021 Impact Factor: 4.324
2020 SCImago Journal Rankings: 0.628
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorChow, KWen_HK
dc.contributor.authorWong, KPen_HK
dc.date.accessioned2010-09-06T09:06:06Z-
dc.date.available2010-09-06T09:06:06Z-
dc.date.issued1999en_HK
dc.identifier.citationQuarterly Review Of Economics And Finance, 1999, v. 39 n. 4, p. 565-571en_HK
dc.identifier.issn1062-9769en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85519-
dc.description.abstractExtant empirical studies document that productivity gains due to technological progress often lead to reductions in employment. This paper rationalizes the stated empirical finding within the context of the theory of the competitive firm under price uncertainty. We show that technological progress affects employment adversely if the firm's coefficient of relative risk aversion is no less than unity and its production technology exhibits non-decreasing returns to scale. On the other hand, technological progress unambiguously increases output if the firm's preference has non-increasing absolute risk aversion. © 1999 Board of Trustees of the University of Illinois. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/qrefen_HK
dc.relation.ispartofQuarterly Review of Economics and Financeen_HK
dc.rightsThe Quarterly Review of Economics and Finance. Copyright © Elsevier BV.en_HK
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in <Quarterly Review Of Economics And Finance>. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in PUBLICATION, [VOL 39, ISSUE 4, (1999)] DOI 10.1016/S1062-9769(99)00040-X-
dc.titleComment: Further sufficient conditions for an inverse relationship between productivity and employmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1062-9769&volume=39&spage=565&epage=571&date=1999&atitle=Further+Sufficient+Conditions+for+an+Inverse+Relationship+between+Productivity+and+Employmenten_HK
dc.identifier.emailWong, KP: kpwongc@hkucc.hku.hken_HK
dc.identifier.authorityWong, KP=rp01112en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/S1062-9769(99)00040-X-
dc.identifier.scopuseid_2-s2.0-0033474641en_HK
dc.identifier.hkuros52577en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0033474641&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume39en_HK
dc.identifier.issue4en_HK
dc.identifier.spage565en_HK
dc.identifier.epage571en_HK
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChow, KW=7202180874en_HK
dc.identifier.scopusauthoridWong, KP=7404759417en_HK
dc.identifier.issnl1062-9769-

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