Bekhtiar, Karim; Bittschi, Benjamin; Sellner, Richard - 2021
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … the sample composition and argue that focusing on manufacturing and mining sectors mitigates unobserved heterogeneity and … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant …