@TechReport{iza:izadps:dp2379,
            	author={Jungmittag, Andre and Welfens, Paul J. J.},
            	title={Telecommunications Dynamics, Output and Employment},
            	year={2006},
	month={Oct},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2379},
            	url={https://www.iza.org/publications/dp2379},
	abstract={In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic production function is the analytical starting point for our interdependent analysis of output, use of telecommunications and employment. Based on unit root and co-integration analysis as well as an error correction three-equation model which are estimated simultaneously, we present results both on long run links and short run links between telecommunications, output and employment. Considering various scenarios suggests that a fall in the relative price of telecommunications can generate a cumulated employment increase of 760,000 within seven years in Germany. The institutional setup for regulating telecommunications could be improved in Germany and other EU countries.},
	keywords={growth;employment;telecommunications;knowledge society;regulation},
            }