values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …

. Digital technologies offer opportunities to raise firms’ productivity and the population’s well-being. However, wide … productivity gaps between large firms and SMEs and between manufacturing and services weigh on economy-wide productivity, which is …

substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …

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 …

for faster productivity growth, but also a potential disruption to a number of economic sectors and to job markets …

-biased technical change for the flattening of productivity growth and effects on hours worked. The results show that more than 60 … percent of the slowdown in productivity growth in Germany since the early 2000s can be explained by the SBTC development …

direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose …