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The race between machine and man : implications of technology for growth, factor shares and employment

Acemoglu, Daron; Restrepo, Pascual - 2016

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...

Persistent link: https://www.econbiz.de/10011573063

Industrial Property Institutions, Patenting, and Technology Investment in Spain and Mexico, c. 1820-1914

Beatty, Edward - 2019

in patenting behavior and —more tentatively— its probable consequences for investment in technological change …

Persistent link: https://www.econbiz.de/10012858476

Seeking Investment Opportunities in New Markets Created by Technical Change

Vass, Laurie Thomas - 2014

, primarily in metro regional economies.We begin by noting that most current speculation about technical change and investment … examining the range of investment opportunities in a regional metro market and connect those observations to what consumers do … difficult to predict, but innovation investment opportunities, especially the most radical types, can be anticipated by watching …

Persistent link: https://www.econbiz.de/10012708708

Capital and Wages

Acemoglu, Daron - National Bureau of Economic Research - 2024

Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...

Persistent link: https://www.econbiz.de/10014512044