progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the … define technology as strongly labor saving if the aggregate production function of the economy exhibits decreasing … differences in the appropriate index of technology, theta, and labor. Conversely, technology is strongly labor complementary if …

progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the … define technology as strongly labor saving if the aggregate production function of the economy exhibits decreasing … differences in the appropriate index of technology, theta, and labor. Conversely, technology is strongly labor complementary if …

progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the … define technology as strongly labor saving if the aggregate production function of the economy exhibits decreasing … differences in the appropriate index of technology and labor. Conversely, technology is strongly labor complementary if the …

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 …