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The Race Between Machine and Man : Implications of Technology for Growth, Factor Shares and Employment
Acemoglu, Daron - 2016
We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...
Persistent link: https://www.econbiz.de/10012456424
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Environmental Investment and Policy with Distortionary Taxes and Endogenous Growth
Fullerton, Don - 2006
tax revenue is more than enough to pay for public abatement R&D. Second, tax distortions and externalities substantially …
Persistent link: https://www.econbiz.de/10012466599
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Financiers vs. Engineers : Should the Financial Sector be Taxed or Subsidized?
Philippon, Thomas - 2007
I study the allocation of human capital in an economy with production externalities, financial constraints and career … choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but … innovators face borrowing constraints and require the services of financiers in order to invest efficiently. When investment and …
Persistent link: https://www.econbiz.de/10012465087
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Technological Growth and Asset Pricing
Gârleanu, Nicolae B. - 2009
the economy with lags, since firms need to first adopt the new technologies through investment. The process of adoption … into assets in place. This process can help provide a unified, investment-based view of some well documented phenomena such …
Persistent link: https://www.econbiz.de/10012463310
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Accounting for Growth
Greenwood, Jeremy - 1998
A satisfactory account of the postwar growth experience of the United States should be able to come to terms with the following three facts: 1. Since the early 1970's there has been a slump in the advance of productivity. 2. The price of new equipment has fallen steadily over the postwar period....
Persistent link: https://www.econbiz.de/10012472163
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Appropriate Technology and Growth
Basu, Susanto - 1996
We present a model of growth and technology transfer based on the idea that technologies are specific to particular combinations of inputs. We argue that this model is more realistic than the usual specification, in which an improvement in any technique for producing a given good improves all...
Persistent link: https://www.econbiz.de/10012472963
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Equilibrium Technology Diffusion, Trade, and Growth
Perla, Jesse - 2015
We study how opening to trade affects economic growth in a model where heterogeneous firms can choose to adopt a new technology already in use by other firms. We characterize the growth rate using summary statistics of the profit distribution--the ratio of profits between the average and...
Persistent link: https://www.econbiz.de/10012457785
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Capital and Wages
Acemoglu, Daron - National Bureau of Economic Research - 2024
on the assumption that capital accumulation does not change the technologies being developed and used. I adapt the theory …
Persistent link: https://www.econbiz.de/10014512044
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Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development
Ciccone, Antonio - 1993
subject to dynamic increasing returns, and pecuniary externalities that result from the factor substitution in the final goods …
Persistent link: https://www.econbiz.de/10012474593
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Voting on Public Goods : Citizens vs. Shareholders
Döttling, Robin; Levit, Doron Y.; Malenko, Nadya; … - National Bureau of Economic Research - 2024
We study the interplay between a "one person-one vote" political system and a "one share-one vote" corporate governance regime. The political system sets Pigouvian subsidies, while corporate governance determines firm-specific public good investments. Our analysis highlights a two-way feedback...
Persistent link: https://www.econbiz.de/10014576634