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We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with … machines. The model predicts that innovation-driven growth leads to increasing automation, an increasing skill premium, an … contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …
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We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … model predicts that innovationdriven growth leads to increasing automation, an increasing skill premium, an increasing …, our theory predicts that faster economic growth promotes inequality. …
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We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...
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