impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu …

technology, (iii) weaknesses in the education system, and (iv) entrepreneurial stagnation. Implications for policy are noted. Our …

aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …

productivity growth ; technology indicator ; technology shifter ; OECD countries … call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are …

demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of … substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of … the traditional production model where technology is represented by a time trend. TFP growth is decomposed into … unobservable technical change, scale economies and observable technology shifter index components. The empirical results are based …

This paper examines the extent to which aggregate-level de-routinization can be attributed to firm-level technology … technologies. Our results suggest that an acceleration of technology adoption would be associated with faster de-routinization and …