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aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor … further predicts that the induced adoption of automation technology should be more pronounced in industries that rely more on … from country industry variation in the adoption of robots. Our model also implies that the productivity implications of …
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demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of … substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
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In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu … impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
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The “killer application” of the new framework for productivity measurement presented in this paper is the impact of … information technology (IT) on economic growth. A consensus has emerged that the remarkable behavior of IT prices provides the key … to the surge in U.S. economic growth after 1995. The relentless decline in the prices of information technology equipment …
Persistent link: https://www.econbiz.de/10014023777
A number of studies in the literature have recently explored the causes behind the European productivity slowdown from … the mid-1990s onwards and the correlative increase in the productivity gap between Europe and the United States (e.g., van … EU. In the last decade, Spain has shown one of the worst productivity growth records among EU-members, whereas Portugal …
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analyze different approaches that explain the relationship among the aggregated variables: economic growth, productivity and …
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