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Recent evidence for the U.S. suggests that recessions play a crucial role in promoting automation and the reallocation … of productive resources, which in turn increase aggregate productivity and lead to a higher standard of living. I present … technology revolution, fully all of the Canadian decline in routine job employment occurred during the three recessions. A …
Persistent link: https://www.econbiz.de/10012241594
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 …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …
Persistent link: https://www.econbiz.de/10012285610
artificial intelligence seem to offer a vast potential to boost productivity and living standards. However, aggregate … productivity growth has declined sharply across the OECD over the past decades. Estonia is no exception, though it is well placed … digital infrastructure and world-leading e-government services. Turning this potential into a productivity boost necessitates …
Persistent link: https://www.econbiz.de/10012421214
-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …
Persistent link: https://www.econbiz.de/10011279740
I examine the short-term labor market effects of the Great Lockdown in the United States. I analyze job losses by task content (Acemoglu & Autor 2011), and show that they follow underlying trends; jobs with a high non-routine content are especially well-protected, even if they are not...
Persistent link: https://www.econbiz.de/10012306404
To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …
Persistent link: https://www.econbiz.de/10012430944
The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital … technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at … firm level, showing that the adoption of digital technologies could lead to an increase in firms' productivity in the …
Persistent link: https://www.econbiz.de/10014479720
To examine the drivers of innovation, this paper studies the global R&D effort to fight the deadliest diseases and … innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with limited … economists are naturally in favor of market size as a driving force for innovation (i.e."if the market size is sufficiently large …
Persistent link: https://www.econbiz.de/10013249110
. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening … markets, taxes, infrastructure, skills, innovation, trade policy, rule of law and financial markets. Beyond changing the rules …
Persistent link: https://www.econbiz.de/10011823732
How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes … the various layers that connect R&D subsidies and higher education policy to productivity growth. We put the development … about the links between talent, higher education, and innovation. We use these facts to calibrate the model and study …
Persistent link: https://www.econbiz.de/10014093497