Technology and the Human Resource: An Out of Equilibrium Analysis

Technology and the Human Resource: An Out of Equilibrium Analysis
Document type
Working Paper
Author(s)
Amendola, Mario Vona, Francesco
Publisher
Manchester Business School
Date of publication
29 March 2010
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This paper proposes an alternative view to critically re-examined the mainstream explanation of the transatlantic divergence, i.e. the reversal in the `catching up' of the U.S. leadership, in a context where emerging coordination failures
between investments in skills and new skill-biased technologies (SBT) are a direct consequence, on the one hand, of the sequential articulation over time of the processes, both of production and skill formation, and, on the other, of bounded rational agents.

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