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Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive resources. Consistent with this, I show that in the three previous Canadian recessions, routine jobs were disproportionately lost. COVID-19 is likely to have a similar impact,...
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productivity. We embed the recently released data on patents and publications related to AI into an augmented panel model of … productivity growth, estimated for OECD countries, and compared to a non-OECD sample. Our instrumental variables' estimates …, accounting for AI endogeneity, provide evidence in favour of the modern (AI) productivity paradox. We show that the development …
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This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural … exports either of natural resources or of technological products, and compare their role in productivity growth by GMM …-up in productivity. Technological specialisation, especially in products typical of the Fourth Industrial Revolution …
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