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In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … the sample composition and argue that focusing on manufacturing and mining sectors mitigates unobserved heterogeneity and … industries leads to a sizable drop of the productivity effects, halving the effect size for labor productivity and insignificant …
Persistent link: https://www.econbiz.de/10012695996
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … variables reestablishes the productivity effects, but still rejects positive wage effects and skill-biased technological change …
Persistent link: https://www.econbiz.de/10012504766
In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices … workforce variables reestablishes the productivity effects, but still rejects positive wage effects and skill …
Persistent link: https://www.econbiz.de/10012432819
Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data … suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century … explains why in modern economies high growth of productivity and income is associated with low or negative population growth …
Persistent link: https://www.econbiz.de/10009619095
efficiency of unskilled labor,implying that the decline has played a significant role in the overall productivity slowdownand the …
Persistent link: https://www.econbiz.de/10013246335
and to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to income growth …
Persistent link: https://www.econbiz.de/10014225089
There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors. Sectoral TFP growth rates are thus...
Persistent link: https://www.econbiz.de/10014145003
An active debate has centered on the importance of manufacturing for driving innovation in the U.S. economy. This paper … in manufacturing suppliers. We also find that employment in the economy has been evolving from manufacturing into … supply chain traded services is particularly important to innovation and the economy …
Persistent link: https://www.econbiz.de/10011749360
to incorporate and foster innovation and on the quantity and quality of investment in education. and knowledge. After … documenting Italy's delays in innovation and education, we discuss their interrelation with the structure of the productive system …
Persistent link: https://www.econbiz.de/10012435593
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple … accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we … originates from a sharply decelerating capital stock accumulation (as investment has dropped steeply). However, over the medium …
Persistent link: https://www.econbiz.de/10013127590