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Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

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

Capital and Wages

Acemoglu, Daron - National Bureau of Economic Research - 2024

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

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Persistent link: https://www.econbiz.de/10012458604

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron - 2012

"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

Persistent link: https://www.econbiz.de/10012460215

Directed Technical Change

Acemoglu, Daron - 2001

For many problems in macroeconomics, development economics, labor economics, and international trade, whether technical change is biased towards particular factors is of central importance. This paper develops a simple framework to analyze the forces that shape these biases. There are two major...

Persistent link: https://www.econbiz.de/10012470437

The World Income Distribution

Acemoglu, Daron - 2001

We show that even in the absence of diminishing returns in production and techno-logical spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: countries that accumulate capital faster than...

Persistent link: https://www.econbiz.de/10012470646

The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment

Acemoglu, Daron - 2016

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor …

Persistent link: https://www.econbiz.de/10012456424

Transition to Clean Technology

Acemoglu, Daron - 2014

innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though … patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the …

Persistent link: https://www.econbiz.de/10012457923

The Simple Macroeconomics of AI

Acemoglu, Daron - National Bureau of Economic Research - 2024

This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...

Persistent link: https://www.econbiz.de/10014544765

Robots and Workers : Evidence from the Netherlands

Acemoglu, Daron; Koster, Hans; Ozgen, Ceren - National Bureau of Economic Research - 2023

earnings and employment rates, while other workers indirectly gain from robot adoption. We also find that the negative effects …

Persistent link: https://www.econbiz.de/10014247929