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Motivated by the recent reversal in labor productivity growth, this paper is analyzing the relationship between R …&D expenditures and productivity. Time series data of the German manufacturing industry is used to estimate a variable cost function … expenditures were also declining, the contribution of R&D to productivity growth is currently stagnating at the lowest level since …
Persistent link: https://www.econbiz.de/10010291695
agricultural production at both the production and productivity. The United States are characterized as highlighted in the …. To this refers mainly to differences in Total Factor Productivity (TFP). Found that in both countries had higher TFP …, does not mean that Brazil is close to the rate of U.S. productivity, because the productive structure is particular in each …
Persistent link: https://www.econbiz.de/10010330695
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about economic structure, but there are very few writings which...
Persistent link: https://www.econbiz.de/10011647601
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011984565
After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...
Persistent link: https://www.econbiz.de/10012005919
, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current …
Persistent link: https://www.econbiz.de/10012005993
productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades. …
Persistent link: https://www.econbiz.de/10012005994
literature to formalize the implications of robot technology. As for the first question, we establish robust evidence that ex … robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …
Persistent link: https://www.econbiz.de/10012018299
integration of three strands of work linking healthcare cost to technology and research evidence on sectoral productivity … progress, productivity, and cost: three important dimensions of the evolving modern healthcare systems. It provides a logical …
Persistent link: https://www.econbiz.de/10011901997