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We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers … are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation … low-skilled individuals as long as both technology and education are endogenous. This is true irrespective of whether …
Persistent link: https://www.econbiz.de/10012161735
There is a dearth of research on the impact of technological change over employment in least developed countries (LDCs … affecting employment and skills. The results obtained lend support to a labour-augmenting effect. Moreover, the implemented two …
Persistent link: https://www.econbiz.de/10012109320
analyzed five different measures of process innovation output: cost reductions, defect rate reductions, reductions in … of process innovation and that smaller firms are more likely to introduce new processes and are better able to transform … them into higher output. All five process innovation outputs are associated with higher labor productivity and higher sales …
Persistent link: https://www.econbiz.de/10014557733
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
connected economy. Disembodied technological change turns out to positively affect employment dynamics in the "upstream" sectors …
Persistent link: https://www.econbiz.de/10012159270
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
has demonstrated that education plays an important factor. Researchers need to go beyond technological explanations for …
Persistent link: https://www.econbiz.de/10012129826
underlying the decline of routine occupations and its link with informal employment in a middle-income country context. To shed … downgrading for routine manual workers: workers in routine manual formal employment become increasingly unemployed or use … informality as a buffer against job loss, and workers in routine manual informal employment become unemployed or transit to non …
Persistent link: https://www.econbiz.de/10014280975
in education and training, reform the tax system, reduce early retirement incentives, improve the job-matching process …
Persistent link: https://www.econbiz.de/10012129738
Economic activities based on the invention, production and distribution of artificial intelligence (AI) technologies have recently emerged worldwide. Yet, little is known about the innovative activities, location and growth performance of AI innovators. This chapter aims to map and analyse the...
Persistent link: https://www.econbiz.de/10012139836