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The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected,...
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Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative …
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This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the …
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