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This paper examines issues raised by the evolution of a rapidly growing small open economy—Singapore—from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints...
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-Management). Das Modell ergänzt die herkömmlichen Überlegungen zur funktionalen Einkommensverteilung um die personale … Einkommensverteilung. Im Rahmen eines solchen Modells kann gezeigt werden, dass Veränderungen in der personalen Einkommensverteilung dazu … Kapitalisten hat. Veränderungen zugunsten der Mittelklasse führen nicht notwendigerweise zu höherem Wirtschaftswachstum und …
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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 represen- tative household assumption is rejected,...
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