Showing 1 - 10 of 183
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …
Persistent link: https://www.econbiz.de/10005497933
potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …
Persistent link: https://www.econbiz.de/10005791875
Abstract Development of knowledge in Portugal occurred late and slowly, mainly as a result of political and … institutional factors which persisted with democracy. Amongst knowledge key areas, education, research and development (R&D) and … innovation advanced with frequent setbacks. This irregular behaviour induced very negative economic and social consequences given …
Persistent link: https://www.econbiz.de/10011168467
Abstract Development of knowledge in Portugal occurred late and slowly, mainly as a result of political and … institutional factors which persisted with democracy. Amongst knowledge key areas, education, research and development (R&D) and … innovation advanced with frequent setbacks. This irregular behaviour induced very negative economic and social consequences given …
Persistent link: https://www.econbiz.de/10011111126
This review considers the evolution of economic thinking on the relationship between digital technology and inequality across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race, the task polarization model, the...
Persistent link: https://www.econbiz.de/10013210102
We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...
Persistent link: https://www.econbiz.de/10014512109
This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...
Persistent link: https://www.econbiz.de/10014544765
We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...
Persistent link: https://www.econbiz.de/10014247929
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977