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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
locked into incremental innovation, (ii) the diffusion of technology is slowing down, (iii) the education system is subject …We describe Germany's rise as an industrial power in the late 19th century through radical innovation and … miracle, was nevertheless a period during which innovation slowed down - a somewhat surprising conclusion, but consistent with …
Persistent link: https://www.econbiz.de/10013414364
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu …
Persistent link: https://www.econbiz.de/10012517812
demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of …
Persistent link: https://www.econbiz.de/10012266990
that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …
Persistent link: https://www.econbiz.de/10010230889
that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be …
Persistent link: https://www.econbiz.de/10012243470
whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial …
Persistent link: https://www.econbiz.de/10012306348
function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
Persistent link: https://www.econbiz.de/10014464111