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Artificial intelligence, jobs, inequality and productivity : does aggregate demand matter?

Gries, Thomas; Naudé, Wim - 2018

Rapid technological progress in artificial intelligence (AI) has been predicted to lead to mass unemployment, rising inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i) surveying the recent literature and (ii)...

Persistent link: https://www.econbiz.de/10011951702

The race against the robots and the fallacy of the giant cheesecake : immediate and imagined impacts of artificial intelligence

Naudé, Wim - 2019

After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...

Persistent link: https://www.econbiz.de/10011993083

The wrong kind of AI? : artificial intelligence and the future of labor demand

Acemoglu, Daron; Restrepo, Pascual - 2019

Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...

Persistent link: https://www.econbiz.de/10012001438

The race of man and machine: implications of technology when abilities and demand constraints matter

Gries, Thomas; Naudé, Wim - 2021

In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...

Persistent link: https://www.econbiz.de/10012517812

Artificial intelligence, income distribution and economic growth

Gries, Thomas; Naudé, Wim - 2020

The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected, so...

Persistent link: https://www.econbiz.de/10012266990

Automation and new tasks : how technology displaces and reinstates labor

Acemoglu, Daron; Restrepo, Pascual - 2019

We present a framework for understanding the effects of automation and other types of technological changes on labor demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the allocation of tasks to capital and labor - the task content of...

Persistent link: https://www.econbiz.de/10012001461

Three varieties of Africa's industrial future

Naudé, Wim - 2019

variety, technological innovation is changing the nature of manufacturing and is turning services into the main sector for …

Persistent link: https://www.econbiz.de/10012122074

Africa's industrialization prospects : a fresh look

Naudé, Wim; Tregenna, Fiona - 2023

This paper identifies the determinants of industrialization in 18 African countries, 1965 to 2018, using various estimators and applying a battery of robustness checks. Industrialization in Africa is driven by historical legacies such as colonialism; geographical factors such as rainfall and...

Persistent link: https://www.econbiz.de/10014249268

Robots and workers : evidence from the Netherlands

Acemoglu, Daron; Koster, Hans; Ozgen, Ceren - 2023

We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...

Persistent link: https://www.econbiz.de/10014230161

The rise and fall of German innovation

Naudé, Wim; Nagler, Paula - 2021

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …

Persistent link: https://www.econbiz.de/10012440279