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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
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 … automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …
Persistent link: https://www.econbiz.de/10014226119
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Distorted innovation: does the market get the direction of technology right?
Acemoglu, Daron - 2023
Persistent link: https://www.econbiz.de/10014245524
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The dynamics of automation adoption : firm-level heterogeneity and aggregate employment effects
Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …
Persistent link: https://www.econbiz.de/10014383690
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Computerizing Industries and Routinizing Jobs : Explaining Trends in Aggregate Productivity
Aum, Sangmin - 2018
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012926403
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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
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Not a Typical Firm : The Joint Dynamics of Firms, Labor Shares, and Capital–Labor Substitution
Hubmer, Joachim; Restrepo, Pascual - National Bureau of Economic Research - 2021
The decline in the U.S. labor share is far from uniform across firms. While the aggregate labor share has declined, especially in manufacturing, retail, and wholesale, the labor share of a typical firm in these industries has risen. This paper studies the dynamics of the substitution of capital...
Persistent link: https://www.econbiz.de/10012496133
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Computerizing Industries and Routinizing Jobs : Explaining Trends in Aggregate Productivity
Aum, Sangmin - 2018
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of computers since the 1980s, for the productivity slowdown. Complementarity across occupations and...
Persistent link: https://www.econbiz.de/10012453357
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Globotics and Development : When Manufacturing is Jobless and Services are Tradable
Baldwin, Richard; Forslid, Rikard - 2022
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/10013308376
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Welfare policy in the presence of unionised labour and internationally mobile firms
Rocha-Akis, Silvia; Schöb, Ronnie - 2010
In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers' bargaining...
Persistent link: https://www.econbiz.de/10003966443
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Dynamic entry and exit linkages in the Brazilian manufacturing industry : an econometric investigation
Resende, Marcelo; Ribeiro, Eduardo Pontual; Zeidan, … - 2013
The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10009734846