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Bottlenecks : Sectoral Imbalances and the US Productivity Slowdown
Acemoglu, Daron; Autor, David H.; Patterson, Christina - National Bureau of Economic Research - 2023
Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US … stems in part from an unbalanced sectoral distribution of innovation over the last several decades. Because an industry …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is …
Persistent link: https://www.econbiz.de/10014322814
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Secular stagnation? : the effect of aging on economic growth in the age of automation
Acemoglu, Daron; Restrepo, Pascual - 2017
Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...
Persistent link: https://www.econbiz.de/10011689142
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Demographics and automation
Acemoglu, Daron; Restrepo, Pascual - 2018
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of (36 and 55). We then show...
Persistent link: https://www.econbiz.de/10011820230
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A comment on innovation in The Environment and Directed Technical Change
Wiskich, Anthony - 2019
Persistent link: https://www.econbiz.de/10012224510
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Mirage on the horizon : geoengineering and carbon taxation without commitment
Acemoglu, Daron; Rafey, Will - 2018
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...
Persistent link: https://www.econbiz.de/10011820231
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The Environment and Directed Technical Change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011
dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10009365645
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Transition to Clean Technology
Kerr, William; Acemoglu, Daron; Akcigit, Ufuk; Hanley, … - Harvard Business School, Harvard University - 2014
innovation. in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …
Persistent link: https://www.econbiz.de/10011095220
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Transition to Clean Technology
Acemoglu, Daron; Akcigit, Ufuk; Hanley, Douglas; Kerr, … - Department of Economics, University of Pennsylvania - 2014
innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …
Persistent link: https://www.econbiz.de/10011095231
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Transition to Clean Technology
Hanley, Douglas; Acemoglu, Daron; Akcigit, Ufuk; Kerr, … - Department of Economics, University of Pittsburgh - 2014
innovation-in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …
Persistent link: https://www.econbiz.de/10010929533
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The environment and directed technical change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - 2010
dirty innovation and production; (ii) optimal policy involves both 'carbon taxes' and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10010272399