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Artificial Intelligence, Jobs, Inequality and Productivity: Does Aggregate Demand Matter?
Gries, Thomas; Naudé, Wim - 2018
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011984565
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The Race against the Robots and the Fallacy of the Giant Cheesecake: Immediate and Imagined Impacts of Artificial Intelligence
Naudé, Wim - 2019
After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...
Persistent link: https://www.econbiz.de/10012005919
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Artificial Intelligence, Income Distribution and Economic Growth
Gries, Thomas; Naudé, Wim - 2020
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012270284
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Young Entrepreneurs in Rural Africa: Prevalence, Determinants, Productivity
Nagler, Paula; Naudé, Wim - 2014
productivity in enterprises operated by young owners. Using the World Bank's recent LSMS-ISA database that covers six countries in … young adults to start enterprises, but to also enable young entrepreneurs to improve productivity in already existing …
Persistent link: https://www.econbiz.de/10010435239
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The Rise and Fall of German Innovation
Naudé, Wim; Nagler, Paula - 2021
In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is contrasted with the post-World War II period. This latter...
Persistent link: https://www.econbiz.de/10012498055
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The Race of Man and Machine: Implications of Technology When Abilities and Demand Constraints Matter
Gries, Thomas; Naudé, Wim - 2021
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012597487
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Young Entrepreneurs in Rural Africa: Prevalence, Determinants, Productivity
Nagler, Paula; Naudé, Wim - Institute for the Study of Labor (IZA) - 2014
productivity in enterprises operated by young owners. Using the World Bank's recent LSMS-ISA database that covers six countries in … young adults to start enterprises, but to also enable young entrepreneurs to improve productivity in already existing …
Persistent link: https://www.econbiz.de/10010959849
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Firm-Level Heterogeneity and the Decision to Export: A Real Option Approach
Naudé, Wim; Gries, Thomas; Bilkic, Natasa - Institute for the Study of Labor (IZA) - 2013
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models … assume that firms enter a market to find their productivity levels revealed to them as in a lottery. In this paper we propose … with a real option value. We show that endogenizing the export decision is consistent with patterns of productivity and …
Persistent link: https://www.econbiz.de/10010791522