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workers and effective number of industrial robots, automation increases rate of long-run growth. We analyse a situation in … which some countries do not use robots at all and other group of countries starts the transition to the economy where … industrial robots replace low-skilled labour. We show that this has potential non-linear effects on σ-convergence and that the …
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knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich …
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