improvements in long-run productivity and living standards, an effect we estimate to be quantitatively important. Once the …

immediate productivity gains, AI fundamentally alters the novelty of research. Specifically, when AI systems offer sufficiently …

We develop a method to estimate producers' productivity beliefs in settings where output quantities and input prices … productivity beliefs. We estimate the model's parameters using data from a nationally representative survey of research …-active professors from all major fields of science. We find that the distribution of research productivity is highly skewed. Using these …

How large is the impact of artificial intelligence (AI) on labor productivity and unemployment? This paper introduces a …-by-using technology. AI capability improves through machine learning from workers and in turn enhances their labor productivity, but …, our model predicts more than threefold improvements in productivity in some-AI steady state, alongside a long …

productive but also raise the productivity of inventors and plants in other clusters, which are connected to the focal cluster … through their parent firms' networks of innovating plants. Cross-cluster innovation spillovers do not depend on the physical … that features both within- and cross-cluster innovation spillovers. Based on our model, we derive a sufficient statistic …