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This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a … new module introduced in the 2019 Annual Business Survey, conducted by the US Census Bureau in partnership with the … five advanced technologies: AI, robotics, dedicated equipment, specialized software, and cloud computing. The adoption of …
Persistent link: https://www.econbiz.de/10013462707
Persistent link: https://www.econbiz.de/10013465373
An increasingly influential "technological-discontinuity" paradigm suggests that IT-induced technological changes are rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT-using U.S. manufacturing industries. There is some...
Persistent link: https://www.econbiz.de/10012458826
many sectors, but they also present new risks from potential misuse. We develop a multi-sector technology adoption model to … optimal adoption is gradual and convex. If social damages are proportional to the productivity gains from the new technology …, a higher growth rate leads to slower optimal adoption. Equilibrium adoption is inefficient when firms do not internalize …
Persistent link: https://www.econbiz.de/10014322848
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...
Persistent link: https://www.econbiz.de/10012462958
A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...
Persistent link: https://www.econbiz.de/10012465414
We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...
Persistent link: https://www.econbiz.de/10014437003
Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started...
Persistent link: https://www.econbiz.de/10012470927
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012471148
Despite the persistent fears that production abroad by U.S. multinationals reduces employment at home, there has, in fact, been almost no aggregate shift of production or employment to foreign countries. Some continuing shifts to foreign locations by U.S. manufacturing firms have been largely...
Persistent link: https://www.econbiz.de/10012471427