production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two … also plays a role in services growth …

capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …

This paper examines the potential impact of artificial intelligence (A.I.) on economic growth. We model A.I. as the … reach, from driving cars to making medical recommendations and beyond. How will this affect economic growth and the division …,” concepts that animate many discussions in the machine intelligence community? How will the linkages between A.I. and growth be …

deindustrialization has potentially significant economic and political ramifications, including lower economic growth and democratic …

growth to the 1990s, discussing recent criticisms of their measurement and estimation framework. Our results suggest that the …. Third, and most importantly, we present new evidence on the time paths of economic growth, physical capital investment and … liberalization has, on average, robust positive effects on growth, openness and investment rates within countries. We illustrate …

. In terms of drivers of innovation growth, we find that embracing expanded market opportunities in the world economy and …After more than three decades of high growth that was based on an exploration of its low-wage advantage and a … relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is …

This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We … the slowdown countries, exhibit faster growth after their second breaks than during the decades preceding their first …

Existing models of structural change typically assume that all of investment is produced in manufacturing. This … assumption is strongly counterfactual: in the postwar US, the share of services value added in investment expenditure has been … investment and consumption. Our unified approach leads to three new insights: technological change is endogenously investment …

growth reducing in both Africa and Latin America, with the most striking changes taking place in Latin America. The bulk of … to which) structural change contributes to overall productivity growth. In countries with a relatively large share of … natural resources in exports, structural change has typically been growth reducing. Even though these "enclave" sectors …

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we …