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The expanding car industry has revealed an increase in the use of robots and machines together with a decrease in labor. This phenomenon refocuses attention on the possible existence of labor as an inferior input with robots as rival technical alternatives. In our paper we suggest a specific...
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The authors explore the impact of artificial intelligence on the economy by improving the neoclassical production function and the task-based model. Based on the capital accumulation of artificial intelligence and technological progress, they present a theoretical model that explores the effect...
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We show, theoretically and empirically, that the effects of technological change associated with automation and … is that better matches enjoy a comparative advantage in exploiting automation and a comparative disadvantage in … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …
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investment. This allows us to quantify the role of advancement in automation technology in accounting for these labor market …
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