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capital, ascribes a prominent role to the automation hypothesis. Though information and communications (ICT) capital is a … few decades. A framework that distinguishes between ICT and non-ICT capital is empirically plausible and suggests that …
Persistent link: https://www.econbiz.de/10012138828
KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP … capital, and traditional capital. The estimated elasticities of substitution between ICT and IP capital are strictly below one …
Persistent link: https://www.econbiz.de/10013390934
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot … 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
effect goes beyond the employment of R&D workers, extending to ICT and other techies. In non-manufacturing firms, the impact … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014288151
Aspirations towards technological sovereignty increasingly pervade the political debate. Yet, an ambiguous definition leaves the exact goal of those aspirations and the policies to fulfill them unclear. This leaves room for partly particularly negative interpretations, such as equating the...
Persistent link: https://www.econbiz.de/10012546886
In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...
Persistent link: https://www.econbiz.de/10009130215
policies, where ICT expansion is accompanied by the development of digital skills. …
Persistent link: https://www.econbiz.de/10011782094
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10009630098
A standard result in contests is that a higher-ability player has a higher probability of winning the prize than a lower-ability player. Put differently, a stronger player has an advantage over a weaker player in a contest. There are very few exceptions to this standard result. I consider a...
Persistent link: https://www.econbiz.de/10012669006
We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization....
Persistent link: https://www.econbiz.de/10014391314