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Blockchain-based smart contracts can potentially replace certain traditional contracts through decentralized enforcement and reduced transaction costs. However, scalability is a key bottleneck hindering their broader application and adoption, often leading to concentrated or exclusive networks....
Persistent link: https://www.econbiz.de/10014226109
This paper robustly concludes that it cannot. A model is constructed under idealised conditions that presume the risks associated with artificial general intelligence (AGI) are real, that safe AGI products are possible, and that there exist socially-minded funders who are interested in funding...
Persistent link: https://www.econbiz.de/10014437055
Across many sectors, research has established that management explains a notable portion of productivity differences … share of the variance of store-level productivity; (ii) negative assortative matching between managers and stores, which may … productivity also tend to obtain high energy productivity, revealing some breadth in managers' skills applicability; (vii) high …
Persistent link: https://www.econbiz.de/10014250209
We create a firm-level ChatGPT investment score, based on conference calls, that measures managers' anticipated changes in capital expenditures. We validate the score with interpretable textual content and its strong correlation with CFO survey responses. The investment score predicts future...
Persistent link: https://www.econbiz.de/10014486252
productivity and good access to foreign markets, and might therefore be better at creating jobs than domestic firms are. However …
Persistent link: https://www.econbiz.de/10003954453
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
Despite competition concerns over the increasing dominance of global corporations, many argue that productivity … superstars intensive in R&D, IT and/or human capital. In addition to productivity spillovers, we document the transmission of … firm's existing network. These results suggest an important role for raising productivity through the supply chains of …
Persistent link: https://www.econbiz.de/10014250146
emission productivity of the firm. In an extensive empirical analysis we find some support for model predictions, but overall … countries are smaller for industries with higher emission productivity. Our theory and empirical results point to the importance … of accounting for heterogeneity in emission productivity when analyzing effects of climate risks …
Persistent link: https://www.econbiz.de/10013388808
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
An important gap in most empirical studies of establishment-level productivity is the limited information about workers …' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity …-access establishment-level productivity dataset created by the BLS-Census Bureau Collaborative Micro-productivity Project. We take a first …
Persistent link: https://www.econbiz.de/10013462669