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The race of man and machine: implications of technology when abilities and demand constraints matter
Gries, Thomas; Naudé, Wim - 2021
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...
Persistent link: https://www.econbiz.de/10012517812
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
novel features it is shown that (i) AI automation can decrease the share of labor income no matter the size of the …
Persistent link: https://www.econbiz.de/10012438305
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
novel features it is shown that (i) AI automation can decrease the share of labor income no matter the size of the …
Persistent link: https://www.econbiz.de/10012266990
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Artificial Intelligence, Income Distribution and Economic Growth
Gries, Thomas - 2020
novel features it is shown that (i) AI automation can decrease the share of labor income no matter the size of the …
Persistent link: https://www.econbiz.de/10012825010
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Artificial intelligence, income distribution and economic growth
Gries, Thomas; Naudé, Wim - 2020
novel features it is shown that (i) AI automation can decrease the share of labor income no matter the size of the …
Persistent link: https://www.econbiz.de/10012262282
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From the entrepreneurial to the ossified economy : evidence, explanations and a new perspective
Naudé, Wim - 2020
Entrepreneurship in advanced economies is in decline. This comes as a surprise: many scholars have anticipated an upsurge in entrepreneurship, and expected an "entrepreneurial economy" to replace the post-WW2 "managed" economy. Instead of the "entrepreneurial economy" what has come into being...
Persistent link: https://www.econbiz.de/10012220756
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Artificial Intelligence and the discovery of new ideas : is an economic growth explosion imminent?
Almeida, Derick; Naudé, Wim; Sequeira, Tiago Neves - 2024
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an economic growth explosion. In this paper, we critically...
Persistent link: https://www.econbiz.de/10014464111
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The middle-income trap 2.0 : the increasing role of human capital in the age of automation and implications for developing Asia
Glawe, Linda; Wagner, Helmut - 2020 - Update March 2020
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
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Demographics and automation
Acemoglu, Daron; Restrepo, Pascual - 2018
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers — is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …
Persistent link: https://www.econbiz.de/10011820230
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The Middle-Income Trap 2.0 : The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia
Glawe, Linda - 2018
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