O'Mahony, M.; Venturini, F.; Vecchi, M.

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

Conference paper

O'Mahony, M., Venturini, F. and Vecchi, M. 2014. Technology, market regulations and labour share dynamics [Conference item]. 12th ZEW Conference on the Economics of Information and Communication Technologies. Mannheim 16 - 17 Jun 2014

Publication dates
Type	Conference paper
Title	Technology, market regulations and labour share dynamics [Conference item]
Authors	O'Mahony, M., Venturini, F. and Vecchi, M.
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.
Conference	12th ZEW Conference on the Economics of Information and Communication Technologies
Print	16 Jun 2014
Publication process dates
Deposited	14 May 2015
Output status	Published
Copyright Statement	Access to full text restricted pending copyright check.
Language	English

Permalink -

https://repository.mdx.ac.uk/item/85521

Log in to edit

File access - Request a copy

Restricted files

Accepted author manuscript

Under embargo indefinitely

15
total views
0
total downloads
0
views this month
0
downloads this month

Export as

Related outputs

Shall we dance? Recreational dance, well-being and productivity performance during COVID-19: a three-country study

Vecchi, M., Elf, P., Ueno, A., Dilmperi, A., Dennis, C. and Devereux, L. 2022. Shall we dance? Recreational dance, well-being and productivity performance during COVID-19: a three-country study. Journal of International Marketing. 30 (2), pp. 56-72. https://doi.org/10.1177/1069031X221079609

Skill mismatch among UK graduates

Vecchi, M., Savic, M. and Romiti, M. 2021. Skill mismatch among UK graduates. London, UK Economic Statistics Centre of Excellence (ESCoE).

Capital heterogeneity and the decline of the labour share

O'Mahony, M., Vecchi, M. and Venturini, F. 2021. Capital heterogeneity and the decline of the labour share. Economica. 88 (350), pp. 271-296. https://doi.org/10.1111/ecca.12356

Regional disparities and industrial structure: territorial capital and productivity in Italian firms

Castelnovo, P., Morretta, V. and Vecchi, M. 2020. Regional disparities and industrial structure: territorial capital and productivity in Italian firms. Regional Studies. 54 (12), pp. 1709-1723. https://doi.org/10.1080/00343404.2020.1763941

Technology, intangible assets and the decline of the labor share

O'Mahony, M., Vecchi, M. and Venturini, F. 2019. Technology, intangible assets and the decline of the labor share. London Economic Statistics Centre of Excellence (ESCoE).

Technology, market regulations, and labour share dynamics

O'Mahony, M., Vecchi, M. and Venturini, F. 2019. Technology, market regulations, and labour share dynamics. in: Fields, G. and Paul, S. (ed.) Labor Income Share in Asia: Conceptual Issues and the Drivers Springer Singapore. pp. 81-101

Overeducation and hourly wages in the UK labour market; 2006 to 2017

Savic, M., Vecchi, M. and Lewis, A. 2019. Overeducation and hourly wages in the UK labour market; 2006 to 2017. in: Economic Review: April 2019 Office for National Statistics (ONS).

Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach

Pieri, F., Vecchi, M. and Venturini, F. 2018. Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Research Policy. 47 (9), pp. 1842-1852. https://doi.org/10.1016/j.respol.2018.06.013

Growth in emerging economies: Is there a role for education?

Lenkei, B., Mustafa, G. and Vecchi, M. 2018. Growth in emerging economies: Is there a role for education? Economic Modelling. 73, pp. 240-253. https://doi.org/10.1016/j.econmod.2018.03.020

Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach

Pieri, F., Vecchi, M. and Venturini, F. 2017. Modelling the joint impact of R&D and ICT on productivity: a frontier analysis approach. Universita' degli Studi di Trento.

Globalisation and the decline of the labour share: a microeconomic perspective

Perugini, C., Vecchi, M. and Venturini, F. 2017. Globalisation and the decline of the labour share: a microeconomic perspective. Economic Systems. 41 (4), pp. 524-536. https://doi.org/10.1016/j.ecosys.2017.08.002

We see ICT spillovers everywhere but in the econometric evidence: a reassessment

Marsh, I., Rincon-Aznar, A., Vecchi, M. and Venturini, F. 2017. We see ICT spillovers everywhere but in the econometric evidence: a reassessment. Industrial and Corporate Change. 26 (6), pp. 1067-1088. https://doi.org/10.1093/icc/dtx008

Off-shoring, specialization and R&D

Bournakis, I., Vecchi, M. and Venturini, F. 2018. Off-shoring, specialization and R&D. Review of Income and Wealth. 64 (1), pp. 26-51. https://doi.org/10.1111/roiw.12239

University and inter-firm R&D collaborations: propensity and intensity of cooperation in Europe

Aristei, D., Vecchi, M. and Venturini, F. 2016. University and inter-firm R&D collaborations: propensity and intensity of cooperation in Europe. Journal of Technology Transfer. 41 (4), pp. 841-871. https://doi.org/10.1007/s10961-015-9403-1

Functional income distribution in European transition countries

Vecchi, M., Venturini, F. and Rincon, A. 2015. Functional income distribution in European transition countries. in: Perugini, C. and Pompei, F. (ed.) Inequalities during and after transition in Central and Eastern Europe Palgrave Macmillan UK. pp. 59-92

Reducing productivity and efficiency gaps: the role of knowledge assets, absorptive capacity and institutions - Background chapter

Vecchi, M., Rincon, A., Venturini, F., Stehrer, R., Foster-McGregor, N. and Pöschl, J. 2013. Reducing productivity and efficiency gaps: the role of knowledge assets, absorptive capacity and institutions - Background chapter. European Commission.

Reducing productivity and efficiency gaps: the role of knowledge assets, absorptive capacity and institutions

Vecchi, M., Venturini, F., Rincon, A., Foster - McGregor, N., Pöschl, J. and Stehrer, R. 2013. Reducing productivity and efficiency gaps: the role of knowledge assets, absorptive capacity and institutions. in: Towards Knowledge Driven Reindustrialisation European Commission.

Closing the US-EU productivity gap: Knowledge assets, absorptive capacity, and institutional reforms

Venturini, F., Saraidaris, A., Vecchi, M. and Rincon, A. 2014. Closing the US-EU productivity gap: Knowledge assets, absorptive capacity, and institutional reforms. The Centre for Economic Policy Research (CEPR).

R&D, knowledge spillovers and company productivity performance

O’Mahony, M. and Vecchi, M. 2009. R&D, knowledge spillovers and company productivity performance. Research Policy. 38 (1), pp. 35-44. https://doi.org/10.1016/j.respol.2008.09.003

ICT spillovers, absorptive capacity and productivity performance

Rincon, A., Vecchi, M. and Venturini, F. 2012. ICT spillovers, absorptive capacity and productivity performance. Università degli Studi di Perugia.

Certified and uncertified skills and productivity growth performance: cross-country evidence at industry level

Mason, G., O'Leary, B. and Vecchi, M. 2012. Certified and uncertified skills and productivity growth performance: cross-country evidence at industry level. Labour Economics. 19 (3), pp. 351-360. https://doi.org/10.1016/j.labeco.2012.03.003

Offshoring and specialisation: are industries moving?

Bournakis, I., Vecchi, M. and Venturini, F. 2011. Offshoring and specialisation: are industries moving? Royal Economic Society.

Tangible and intangible capital and the pattern of specialization in the EU

Bournakis, I. and Vecchi, M. 2010. Tangible and intangible capital and the pattern of specialization in the EU. Review of Economics and Institutions. 1 (2). https://doi.org/10.5202/rei.v1i2.3

Increasing returns versus externalities: pro-cyclical productivity in US and Japan

Vecchi, M. 2000. Increasing returns versus externalities: pro-cyclical productivity in US and Japan. Economica. 67 (266), pp. 229-244. https://doi.org/10.1111/1468-0335.00205

Productivity performance at the company level.

Rincon, A. and Vecchi, M. 2003. Productivity performance at the company level. in: Van Ark, B. and O'Mahony, M. (ed.) EU productivity and competitiveness: an industry perspective. Can Europe resume the catching-up process? Luxembourg Office for Official Publications of the European Communities.

Tangible and intangible investment and economic performance: evidence from company accounts.

O'Mahony, M. and Vecchi, M. 2000. Tangible and intangible investment and economic performance: evidence from company accounts. in: Buigues, P., Jacquemin, A. and Marchipont, J. (ed.) Competitiveness and the Value of Intangible Assets Cheltenham Edward Elgar Publishing .

R&D: knowledge spillovers and companies' productivity performance

O'Mahony, M. and Vecchi, M. 2009. R&D: knowledge spillovers and companies' productivity performance. Research Policy. 38 (1), pp. 35-44. https://doi.org/10.1016/j.respol.2008.09.003

The impact of ICT on the demand for skilled labour: a cross-country comparison

O'Mahony, M., Robinson, K. and Vecchi, M. 2008. The impact of ICT on the demand for skilled labour: a cross-country comparison. Labour Economics. 15 (6), pp. 1435-1450. https://doi.org/10.1016/j.labeco.2008.02.001

La cualification de la mano de obra y su efecto en la productividad relativa: algunas comparaciones internacionales.

Mason, G., O'Leary, B., Vecchi, M. and Instituto Español de Comercio Exterior 2008. La cualification de la mano de obra y su efecto en la productividad relativa: algunas comparaciones internacionales. in: Claves de la Economia Mundial. Madrid Instituto Español de Comercio Exterior.

Labour force participation and business cycle fluctuations: a comparative analysis of Europe, Japan and the United States

Darby, J., Hart, R. and Vecchi, M. 2001. Labour force participation and business cycle fluctuations: a comparative analysis of Europe, Japan and the United States. Japan and the World Economy. 13 (2), pp. 113-133.

Does labour productivity flow across industries? Estimation robust to panel heterogeneity and cross sectional correlation

Vecchi, M. and Byrne, J. 2008. Does labour productivity flow across industries? Estimation robust to panel heterogeneity and cross sectional correlation. Applied Economic Letters.