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Directed Technology Adoption, Human Capital Formation and World Income Distribution
Schiopu, Ioana C. - 2014
This paper investigates the effects of skill bias technical change at the frontier on the evolution of output and human capital in the adopting countries. The framework introduces a novel feature by connecting the direction of technology adoption to a sequential process of skill accumulation,...
Persistent link: https://www.econbiz.de/10013069814
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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The lost race against the machine : automation, education, and inequality in an R&D-based growth model
Prettner, Klaus; Strulik, Holger - 2017
contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …
Persistent link: https://www.econbiz.de/10011754634
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The lost race against the machine : automation, education and inequality in an R&D-based growth model
Prettner, Klaus; Strulik, Holger - 2017
, our theory predicts that faster economic growth promotes inequality. …
Persistent link: https://www.econbiz.de/10011620638
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Horizontal Innovation in the Theory of Growth and Development
Gancia, Gino - 2012
We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first …
Persistent link: https://www.econbiz.de/10012713370
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Chapter 3 Horizontal Innovation in the Theory of Growth and Development
Gancia, Gino; Zilibotti, Fabrizio - 2005
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990 …
Persistent link: https://www.econbiz.de/10014023784
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Redistributive income taxation with directed technical change
Loebbing, Jonas - 2020
What are the implications of (endogenous) directed technical change for the design of redistributive income taxes? I study this question in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. Under certain conditions, any progressive tax...
Persistent link: https://www.econbiz.de/10012383718
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Endogenous task-based technical change : factor scarcity and factor prices
Irmen, Andreas - 2020
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012200235
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Automation, growth, and factor shares in the era of population aging
Irmen, Andreas - 2021
How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...
Persistent link: https://www.econbiz.de/10012597831
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Redistributive income taxation with directed technical change
Loebbing, Jonas - 2020
This paper studies the implications of (endogenously) directed technical change for the design of non-linear labor income taxes in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. First, I identify conditions under which any progressive...
Persistent link: https://www.econbiz.de/10012431526