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Technological Growth and Hours in the Long Run : Theory and Evidence

Reif, Magnus; Tesfaselassie, Mewael F.; Wolters, Maik - 2021

Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...

Persistent link: https://www.econbiz.de/10013222213

Quadratic Costs, Innovation and Welfare : The Role of Technology

Marjit, Sugata - 2020

In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …

Persistent link: https://www.econbiz.de/10012824572

Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)

Heer, Burkhard - 2019

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...

Persistent link: https://www.econbiz.de/10012866317

Economic Globalisation and Africa's Quest for Greener and More Inclusive Growth : The Missing Link

Ofori, Isaac K; Freytag, Andreas; Asongu, Simplice A. - 2023

This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...

Persistent link: https://www.econbiz.de/10014347989

Fueling growth when oil peaks: Directed technological change and the limits to efficiency

André, Francisco J.; Smulders, Sjak - 2012

While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...

Persistent link: https://www.econbiz.de/10010289359

Structural Transformation of Occupation Employment

Duernecker, Georg; Herrendorf, Berthold - 2021

We use census data to show that structural transformation reflects a fundamental reallocation of labor from goods to services, instead of a relabelling that occurs when goods-producing firms outsource their in-house service production. The novelty of our approach is that it categorizes labor by...

Persistent link: https://www.econbiz.de/10013211114

The Effect of Recent Technological Change on US Immigration Policy

Brey, Björn - 2021

Did recent technological change, in the form of automation, affect immigration policy in the United States? I argue that as automation shifted employment from routine to manual occupations at the bottom end of the skill distribution, it increased competition between natives and immigrants,...

Persistent link: https://www.econbiz.de/10013211737

Explaining the Decline in the US Labor Share : Taxation and Automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022

This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...

Persistent link: https://www.econbiz.de/10014082792

Endogenous Task-Based Technical Change - Factor Scarcity and Factor Prices -

Irmen, Andreas - 2020

This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...

Persistent link: https://www.econbiz.de/10012836938

Two-Sided Platforms and Biases in Technology Adoption

Choi, Jay Pil - 2020

We investigate the relationship between market structure and platforms' incentives to adopt technological innovations in two-sided markets, where platforms may find it optimal to charge zero price on the consumer side and to extract surplus on the advertising side. We consider innovations that...

Persistent link: https://www.econbiz.de/10012822500

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