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for the Canada-U.S. productivity and income gaps; the importance of skills for innovation and productivity; the diffusion …The fourth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards … contains five articles. Topics covered are: recent productivity developments in the United States and Canada and implications …
Persistent link: https://www.econbiz.de/10005650247
Externalities play a central role in most theories of economic growth. We argue that international externalities, in … particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is … that many countries appear to share a common long run growth rate despite persistently different rates of investment in …
Persistent link: https://www.econbiz.de/10014023776
of a technique depends on both the productivity embodied in the technique and the cost of the particular input; when … productivity depends on whether the lower cost firms are the important suppliers of inputs. When the share of intermediate goods in … production is high, the lower cost firms are selected as suppliers more frequently. This raises aggregate productivity and also …
Persistent link: https://www.econbiz.de/10010292100
from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the …This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area …
Persistent link: https://www.econbiz.de/10012651102
from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the …This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area …
Persistent link: https://www.econbiz.de/10012432956
The Information and Communication technology(ICT) environment in the economic community of west african states …
Persistent link: https://www.econbiz.de/10005118855
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu … impact of AI on jobs, inequality, wages, labor productivity and long-run GDP growth are explored. … and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the …
Persistent link: https://www.econbiz.de/10012517812
demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of … substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel …
Persistent link: https://www.econbiz.de/10012262282
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … aggregate demand. A second is that the predictions of AI causing massive job losses and faster growth in productivity and GDP … growth and productivity is stagnating and inequality is rising. Our paper provides a theoretical explanation of this in the …
Persistent link: https://www.econbiz.de/10011951702
aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor … further predicts that the induced adoption of automation technology should be more pronounced in industries that rely more on … from country industry variation in the adoption of robots. Our model also implies that the productivity implications of …
Persistent link: https://www.econbiz.de/10011820230