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Artificial Intelligence (AI) represents a set of techniques that enable new ways of innovation and allows firms to offer new features of products and services, to improve production, marketing and administration processes, and to introduce new business models. This paper analyses the extent to...
Persistent link: https://www.econbiz.de/10012500899
accessibility is steadily growing. This study explores the impact of e-commerce on company productivity by considering both formal … significantly increase productivity, particularly in firms within the informal sector. However, this finding highlights the … companies, increasing productivity, and protecting jobs. …
Persistent link: https://www.econbiz.de/10014501134
How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...
Persistent link: https://www.econbiz.de/10014529725
In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...
Persistent link: https://www.econbiz.de/10013460248
sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their existing products through internal innovation while...
Persistent link: https://www.econbiz.de/10013226722
impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. …
Persistent link: https://www.econbiz.de/10012517812
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
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
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012438305