Externalities play a central role in most theories of economic growth. We argue that international externalities, in … particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is … that many countries appear to share a common long run growth rate despite persistently different rates of investment in …

demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of … substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel …

productivity benefit old age groups as they likely help older age groups contribute more positively to future growth. More …This paper revisits the impact of population aging on economic growth. In order to understand the impact of population … aging on economic growth, it is important to consider the changes in the entire age distribution of demography. Our …

Climate policy negotiations identi ed international technology funding as a means of achieving carbon emissions … of international technology funding. It sets up a Ramsey model of a developing economy including imports of capital and … economic effects and four technology-related policy levers and their interactions. It then discusses their role in designing an …

This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries … and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3 …) technological capabilities accumulation (a proxy of the technology gap). We find that the technology gap accounts for a significant …

We explore the relation between a country's patents and its economic and productivity growth. Consistent with patents … (TFP) growth. Patent stock has a stronger impact on growth than other previously documented determinants, including human … capital and capital stock. The effect of private firms' patents on both GDP and TFP growth are double that of public firms …

productivity (TFP) growth in a panel of country-sectors from 2000 to 2014, as well as on aggregate income per capita since 1960. To … evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … fields of knowledge, as well as heterogeneous countries' exposure to technology waves. On average, an increase of one …

productivity (TFP) growth in a panel of country-sectors from 2000 to 2014, as well as on aggregate income per capita since 1960. To … evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … fields of knowledge, as well as heterogeneous countries' exposure to technology waves. On average, an increase of one …

productivity growth, estimated for OECD countries, and compared to a non-OECD sample. Our instrumental variables' estimates … growth process. This general result, i.e. the lack of a strong relationship between AI and productivity growth, is robust to … changes in the country sample, in the way we quantify labour productivity or the creation of AI technology, in the …