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Artificial intelligence, jobs, inequality and productivity : does aggregate demand matter?
Gries, Thomas; Naudé, Wim - 2018
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
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Fewer babies and more robots : economic growth in a new era of demographic and technological changes
Jimeno, Juan F. - In: SERIEs : Journal of the Spanish Economic Association 10 (2019) 2, pp. 93-114
savings and investment. Jointly with meagre productivity growth, this implies a low natural rate of interest that conditions …, artificial intelligence, automation) may increase productivity growth but at the risk of having disruptive effects on employment …
Persistent link: https://www.econbiz.de/10012033383
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Global Innovation Spillovers and Productivity : Evidence from 100 Years of World Patent Data
Berkes, Enrico; Manysheva, Kristina; Mestieri, Marti - 2022
evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … productivity (TFP) growth in a panel of country-sectors from 2000 to 2014, as well as on aggregate income per capita since 1960. To …
Persistent link: https://www.econbiz.de/10013289325
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Global innovation spillovers and productivity : evidence from 100 years of World Patent Data
Berkes, Enrico; Manysheva, Kristina; Mestieri, Martí - 2022
evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … productivity (TFP) growth in a panel of country-sectors from 2000 to 2014, as well as on aggregate income per capita since 1960. To …
Persistent link: https://www.econbiz.de/10013193741
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Artificial intelligence and productivity : global evidence from AI patent and bibliometric data
Parteka, Aleksandra; Kordalska, Aleksandra - 2022 - This version: January 2022
productivity. We embed the recently released data on patents and publications related to AI into an augmented panel model of … productivity growth, estimated for OECD countries, and compared to a non-OECD sample. Our instrumental variables' estimates …, accounting for AI endogeneity, provide evidence in favour of the modern (AI) productivity paradox. We show that the development …
Persistent link: https://www.econbiz.de/10013175558
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Trade Liberalization : Export-Market Participation, Productivity Growth and Innovation
Baldwin, John R. - 2009
. Second, export-market participation was associated with increases in a plant's productivity growth. Third, our analysis … identified the presence of three main mechanisms through which export-market participation raises productivity growth among …
Persistent link: https://www.econbiz.de/10012718085
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The race against the robots and the fallacy of the giant cheesecake : immediate and imagined impacts of artificial intelligence
Naudé, Wim - 2019
After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...
Persistent link: https://www.econbiz.de/10011993083
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Total factor productivity, domestic knowledge accumulation, and international knowledge spillovers in the second half of the twentieth century
Sanchis, Teresa; Sanchis-Llopis, Juan A.; Esteve, Vicente; … - In: Cliometrica, Journal of Historical Economics and … 9 (2015) 2, pp. 209-233
This paper analyses the relationship between total factor productivity (TFP) and innovation-related variables during … variables (domestic stock of knowledge, imports of knowledge, and human capital) and productivity. Our results reveal the extent …
Persistent link: https://www.econbiz.de/10011267792
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Knowledge Diffusion, Technological Innovation and TFP Growth at the Firm Level : Evidence from French Manufacturing
Duguet, Emmanuel - 2012
The purpose of this paper is to examine how the Solow residual relates to innovation at the firm level. We estimate two kinds of relationships. The first relationship explains innovation output from innovation inputs. The second relationship relates TFP growth to innovation output. We obtain two...
Persistent link: https://www.econbiz.de/10014141351
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Global technology cycles and local economic performance
Heinrich, Sebastian; Sarferaz, Samad; Wörter, Martin - 2023
This paper studies the global synchronicity of technology and its impact on the economy. We employ dynamic factor analysis to decompose patent data in different digital technologies for various countries into global and country-specific factors. Our findings confirm the existence of global and...
Persistent link: https://www.econbiz.de/10014279279