Technological flexibility and the macroeconomic environment

Gilles Saint-Paul

Research output: Contribution to journalArticlepeer-review


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 languageEnglish (US)
Pages (from-to)78-106
Number of pages29
JournalJournal of The Japanese and International Economies
Issue number1
StatePublished - Mar 1993

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations


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