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Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …
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function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
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case study of a leading user organisation in the market for industrial automation technology, but also a descriptive … alignment, narrowing and deepening) produced by collaborative standard setting and innovation; it also sheds light on an … characteristics in selected, but leading, user organisations. The results are as follows: the market for industrial automation …
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, productivity growth and capital-labour conflict, with profits driven by product innovation and offshoring, and wages rising faster …
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