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Endogenous capital- and labor-augmenting technical change in the neoclassical growth model
Irmen, Andreas; Tabakovic, Amer - 2015
innovation investments that increase the productivity of capital and labor in the performance of their respective tasks. These …
Persistent link: https://www.econbiz.de/10011404419
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Induced innovation, inventors, and the energy transition
Dugoua, Eugenie; Gerarden, Todd D. - 2023
increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014383723
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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 …
Persistent link: https://www.econbiz.de/10014226119
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Automation and employment over the technology life cycle : evidence from European regions
Jaccoud, Florencia; Petit, Fabien; Ciarli, Tommaso; … - 2024
exposure to these automation technologies affects employment and wages across these different phases of their life cycle. We … find that the negligible long term impact of automation on employment conceals significant short term positive and negative … effects within phases of the technology life cycle. We also find that the negative impact of ICT investment on employment is …
Persistent link: https://www.econbiz.de/10014490819
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A generalized steady-state growth theorem
Irmen, Andreas - 2013 - This Version: November 8, 2013
Uzawaś steady-state growth theorem (Uzawa (1961)) is generalized to a neoclassical economy that uses current output, e. g., to create technical progress or to manufacture intermediates. The difference between aggregate final-good production and these resources is referred to as net output. The...
Persistent link: https://www.econbiz.de/10010210700
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Inequality and growth : the dual role of human capital in development
Eicher, Theo S. - 2000
endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …
Persistent link: https://www.econbiz.de/10009781636
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Unemployment and the direction of technical change
Casey, Gregory - 2024
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases unemployment, which lowers wages and creates incentives for...
Persistent link: https://www.econbiz.de/10014583789
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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/10012200235
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Capital and Wages
Acemoglu, Daron - National Bureau of Economic Research - 2024
Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...
Persistent link: https://www.econbiz.de/10014512044
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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
development. It affects human capital through both religious and secular education. It affects population and labor by influencing …
Persistent link: https://www.econbiz.de/10014383297