Innovation and labor share: Disentangling emerging global technological trends

IF 15.6 1区管理学 Q1 BUSINESS

Journal of Innovation & Knowledge Pub Date : 2025-05-01 DOI:10.1016/j.jik.2025.100712

Christophe Feder , Cristiano Antonelli

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引用次数: 0

Abstract

This paper advances our understanding of the transformative role of innovation in labor share dynamics over recent decades of rapid technological evolution. We introduce a novel methodology to disentangle the direction and substitution effects of technological change, drawing on comprehensive Penn World Table (PWT) data across 136 countries from 1991 to 2019. The findings reveal notable temporal and spatial variability, challenging fixed-parameter assumptions within traditional production functions. Key insights include: (i) developed economies exhibit a labor-oriented direction of technological change compared with developing countries; (ii) there is a pivotal shift from capital-augmenting to knowledge-augmenting technological paths in developed economies; (iii) there is a persistent complementarity between capital and labor. These results suggest that labor-oriented technological advancements are boosting labor share growth, especially in knowledge-driven economies. Finally, we explore the profound implications of these findings for political and corporate strategy.

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创新与劳动份额：拆解新兴的全球技术趋势

本文促进了我们对近几十年来快速技术发展中创新在劳动份额动态中的变革作用的理解。我们引入了一种新的方法，利用1991年至2019年136个国家的综合Penn世界表（PWT）数据，来梳理技术变革的方向和替代效应。研究结果揭示了显著的时空变异性，挑战了传统生产函数中的固定参数假设。主要观点包括：(i)与发展中国家相比，发达经济体表现出以劳动力为导向的技术变革方向；（ii）发达经济体从资本增值到知识增值的技术路径发生了关键转变；（三）资本与劳动之间存在持久的互补性。这些结果表明，以劳动为导向的技术进步正在推动劳动收入占比的增长，尤其是在知识驱动型经济体中。最后，我们探讨了这些发现对政治和企业战略的深远影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Innovation & Knowledge Multiple-

CiteScore

16.10

自引率

12.70%

发文量

118

审稿时长

37 days

期刊介绍： The Journal of Innovation and Knowledge (JIK) explores how innovation drives knowledge creation and vice versa, emphasizing that not all innovation leads to knowledge, but enduring innovation across diverse fields fosters theory and knowledge. JIK invites papers on innovations enhancing or generating knowledge, covering innovation processes, structures, outcomes, and behaviors at various levels. Articles in JIK examine knowledge-related changes promoting innovation for societal best practices. JIK serves as a platform for high-quality studies undergoing double-blind peer review, ensuring global dissemination to scholars, practitioners, and policymakers who recognize innovation and knowledge as economic drivers. It publishes theoretical articles, empirical studies, case studies, reviews, and other content, addressing current trends and emerging topics in innovation and knowledge. The journal welcomes suggestions for special issues and encourages articles to showcase contextual differences and lessons for a broad audience. In essence, JIK is an interdisciplinary journal dedicated to advancing theoretical and practical innovations and knowledge across multiple fields, including Economics, Business and Management, Engineering, Science, and Education.