August 20, 2025Metroeconomica

Capital Goods, Employment and Dynamics

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The paper examines capital goods' impact on employment dynamics, indicating a shift in economic growth theories.

Capital goods significantly influence employment dynamics and economic growth models, highlighting critical shifts in theory.
Pasinetti's framework evolved from regular growth to exploring structural change and its implications for full employment.
This analysis compares capital goods' roles in traditional models and those under creative destruction, presenting distinct challenges.
Understanding capital goods is vital to adapting theories of economic growth, employment, and structural change processes.

Bidard et al. (2025) studied this question.

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