Technological flexibility and the macroeconomic environment

Gilles Saint-Paul

doi:10.1006/jjie.1993.1004

Technological flexibility and the macroeconomic environment

Gilles Saint-Paul

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

This paper studies the link between aggregate fluctuations and technological choice. It is shown that a more volatile environment discourages the adoption of product-flexible technologies and induces the adoption of volume-flexible technologies. The consequences of this argument for economic policy are then discussed, and some empirical evidence supporting the hypothesis is presented. J. Japan. Int. Econ., March 1993, 7(l), pp. 78-106. DELTA, CERAS, Paris 75014, France; and CEPR, London. UK.

Original language	English (US)
Pages (from-to)	78-106
Number of pages	29
Journal	Journal of The Japanese and International Economies
Volume	7
Issue number	1
DOIs	https://doi.org/10.1006/jjie.1993.1004
State	Published - Mar 1993

ASJC Scopus subject areas

Finance
Economics and Econometrics
Political Science and International Relations

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10.1006/jjie.1993.1004

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Technological flexibility and the macroeconomic environment

Abstract

ASJC Scopus subject areas

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