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Persistent link: https://www.econbiz.de/10003062598
The purpose of this paper is to explain differences in the productivity of capital across countries taking 84 rich and …
Persistent link: https://www.econbiz.de/10010437756
productivity of capital simultaneously. The model induces a simple relationship between the relative price of investment goods and …-five-fold income gaps and sixfold productivity differences between the richest and poorest countries in our sample. …
Persistent link: https://www.econbiz.de/10010283395
Robots, artificial intelligence and automation are going to fundamentally change the way we work, play and live in the 21st Century. Or will they? In this provocative new book, Krook questions the dominant ideology that automation and A.I. will make our lives easier and give us more freedom than...
Persistent link: https://www.econbiz.de/10014119362
In this paper we use cross-state panel data to show that top income inequality is (at least partly) driven by innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income inequality in cross-state panel regressions. Two distinct...
Persistent link: https://www.econbiz.de/10013021154
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
In the past Portugal managed to grow at a significant rate, but the pace has getting slower and slower from decade to decade, until becoming practically stagnant in the first decade of the 21st century. This stumpy growth together with the current debt crisis has fed the rhetoric of structural...
Persistent link: https://www.econbiz.de/10010842584
Persistent link: https://www.econbiz.de/10009388210
The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital … technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at … firm level, showing that the adoption of digital technologies could lead to an increase in firms' productivity in the …
Persistent link: https://www.econbiz.de/10014479720
turn, fuels productivity growth and leads to rising incomes. Eventually, rising incomes instigate a fertility transition …
Persistent link: https://www.econbiz.de/10012204877