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older to middle-aged workers — is associated with greater adoption of robots and other automation technologies across … from country industry variation in the adoption of robots. Our model also implies that the productivity implications of …We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular …
Persistent link: https://www.econbiz.de/10011820230
We analyze the effects of declining population growth on automation. A simple theoretical model of capital accumulation … predicts that countries with lower population growth introduce automation technologies earlier. We test the theoretical … specifications, and changes to the measurement of the stock of robots. …
Persistent link: https://www.econbiz.de/10011639365
We analyze the effects of declining population growth on the adoption of automation technology. A standard theoretical … framework of the accumulation of traditional physical capital and of automation capital predicts that countries with a lower … population growth rate are the ones that innovate and/or adopt new automation technologies faster. We test the theoretical …
Persistent link: https://www.econbiz.de/10011618746
, artificial intelligence, automation) may increase productivity growth but at the risk of having disruptive effects on employment … savings and investment. Jointly with meagre productivity growth, this implies a low natural rate of interest that conditions … the effectiveness of monetary and fiscal policies, especially in a world of high debt. New technological changes (robots …
Persistent link: https://www.econbiz.de/10012033383
, labor productivity, automation, and total factor productivity. We find that increasing life expectancy and labor … automation also helps improve productivity of old age groups but in a different way. When robot density increases, old age groups … productivity benefit old age groups as they likely help older age groups contribute more positively to future growth. More …
Persistent link: https://www.econbiz.de/10012242100
Persistent link: https://www.econbiz.de/10011959513
the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing … Asia. In particular, we analyze the impacts of automation, artificial intelligence, and digitalization on the growth …, particularly the upgrading of skills needed with the rapid advance of automation, will be key success factors for overcoming the …
Persistent link: https://www.econbiz.de/10012206273
Persistent link: https://www.econbiz.de/10012799311
In the conventional neoclassical growth model, technical change is generally characterized as “purely labor-augmenting,” a restriction that limits modern civilization to super-humans living in the Stone Age. As a novel and radical departure from conventional growth theory, the model...
Persistent link: https://www.econbiz.de/10012914009
Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”). In particular, we analyze the … impacts of automation, artificial intelligence, and digitalization on the growth drivers of middle-income countries and the … MIT mechanism. We show that automation reduces the initial growth push for developing countries and leads to an earlier …
Persistent link: https://www.econbiz.de/10012909722