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India’s automotive sector has grown tremendously in the post-liberalization period. The growing domestic market …
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We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic stagnation. The reason is that automation suppresses...
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We use data from the Annual Survey of Manufactures to study the characteristics and geography of investments in robots … across U.S. manufacturing establishments. We find that robotics adoption and robot intensity (the number of robots per … report having robotics. The distribution of robots is highly skewed across establishments’ locations. Some locations, which …
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