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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

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

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

Dynamic competition with network externalities : why history matters

Hałaburda, Hanna; Jullien, Bruno; Yehezkel, Yaron - 2016 - September 2013, revised March 2016

We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the market in the previous period becomes "focal" in the current period, in that agents play the equilibrium in which they adopt the focal platform whenever such equilibrium exists....

Persistent link: https://www.econbiz.de/10011451079

Growing productivity without growing wages : the micro-level anatomy of the aggregate labor share decline

Kehrig, Matthias; Vincent, Nicolas - 2017 - First version: November 2015, this version: March 29, 2017

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...

Persistent link: https://www.econbiz.de/10011646840

Productivity, price- and wage-markups : an empirical analysis of the Dutch manufacturing industry

Amoroso, Sara; Melenberg, Bertrand; Plasmans, Joseph E. J. - 2015

This paper examines the interaction between productivity growth, firms’ monopolistic market power, and workers’ wage bargaining power. Our study contributes to several strands of literatures. First, we examine a monopolistic framework which accounts for wage bargaining. In addition to the...

Persistent link: https://www.econbiz.de/10010496909

An equilibrium model of the market for Bitcoin mining

Prat, Julien; Walter, Benjamin - 2018

We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...

Persistent link: https://www.econbiz.de/10011789223

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

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

Natural resource dependence and monopolized imports

Arezki, Rabah; Fernandes, Ana; Merchán, Federico; … - 2021

This paper explores the effect of natural resource dependence on market concentration of imports. Using a new panel database for importing firms in developing and emerging market economies, the paper shows that higher natural resource dependence is associated with larger market concentration of...

Persistent link: https://www.econbiz.de/10012603189

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