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Return of the Solow Paradox? IT, Productivity, and Employment in U.S. Manufacturing
Acemoglu, Daron - 2014
An increasingly influential "technological-discontinuity" paradigm suggests that IT-induced technological changes are rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT-using U.S. manufacturing industries. There is some...
Persistent link: https://www.econbiz.de/10012458826
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Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI
Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024
automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real … wages for cotton weavers did not rise for decades. As E.P. Thompson emphasized, automation forced workers into unhealthy … factories with close surveillance and little autonomy. Automation can increase wages, but only when accompanied by new tasks …
Persistent link: https://www.econbiz.de/10014544695
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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
-- 7. Artificial Intelligence, Income, Employment, and Meaning / Betsey Stevenson -- 8. Artificial Intelligence, Automation … / James Bessen -- 11. Public Policy in an AI Economy / Austan Goolsbee -- 12. Should We Be Reassured If Automation in the … Future Looks Like Automation in the Past? / Jason Furman -- 13. R&amp -- D, Structural Transformation, and the Distribution …
Persistent link: https://www.econbiz.de/10013173775
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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
Persistent link: https://www.econbiz.de/10011904305
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The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment
Acemoglu, Daron - 2016
created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …
Persistent link: https://www.econbiz.de/10012456424
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Luddites and the Demographic Transition
O'Rourke, Kevin Hjortshøj - 2008
, and the transition to skill-biased technological change. The simulated model tracks British industrialization in the 18th …
Persistent link: https://www.econbiz.de/10012464163
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The Rate and Direction of Invention in the British Industrial Revolution : Incentives and Institutions
Meisenzahl, Ralf - 2011
During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
Persistent link: https://www.econbiz.de/10012461665
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Factor Adjustments After Deregulation : Panel Evidence from Colombian Plants
Eslava, Marcela - 2005
We analyze employment and capital adjustments using plant data from the Colombian Annual Manufacturing Survey. We estimate adjustment functions for capital and labor as a non-linear function of the gaps between desired and actual factor levels, allowing for interdependence in adjustments of the...
Persistent link: https://www.econbiz.de/10012467020
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The Surprisingly Swift Decline of U.S. Manufacturing Employment
Pierce, Justin R. - 2012
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...
Persistent link: https://www.econbiz.de/10012460005
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Globotics and Development : When Manufacturing is Jobless and Services are Tradable
Baldwin, Richard - 2020
Globalization and robotics (globotics) are transforming the world economy at an explosive pace. While much of the literature has focused on rich nations, the changes are quite likely to affect developing nations in important ways. The premise of the paper - which should be regarded as a...
Persistent link: https://www.econbiz.de/10012479255