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ICTs impact on growth is that developing regions have experienced a steady decline in absolute poverty. The global extreme … poverty rate has dropped from 1.9 billion people in 1981 to 1.3 billion in 1990 according to the World Bank: a drop in extreme … poverty rates in developing countries from greater than 50 percent to 21 percent. This decline in extreme poverty has been …
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In this paper we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by more...
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"From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the...
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Who benefits from economic growth? This paper analyses the distributional impact of different types of growth within a two-sector model. The paper first presents necessary and sufficient conditions for unambiguous changes in wage inequality in a dual economy, based on analysis of the entire...
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