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OECD countries and their regions are ageing fast. In principle, the negative impact of ageing on the growth rate of per … capita gross domestic product could be offset by increases in productivity. However, for many regions, productivity growth … required to maintain per capita GDP levels constant has been higher than the actual growth rates they recorded in the past …
Persistent link: https://www.econbiz.de/10012132889
inequality, and higher productivity growth through automation. In this paper we critically re-assess these predictions by (i … in endogenous growth theory, but modified to allow for demand-side constraints. This is a novel approach, given that … endogenous growth models, and including most recent work on AI in economic growth, are largely supply-driven. Our contribution is …
Persistent link: https://www.econbiz.de/10011951702
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative … growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an … economic growth explosion. In this paper, we critically analyse this claim. We clarify how AI affects the ideas production …
Persistent link: https://www.econbiz.de/10014464111
Persistent link: https://www.econbiz.de/10012195414
fertility rates and population growth in various regions of the world, enabling economies to convert a larger share of the …The demographic transition that swept the world in the course of the last century has been identified as one of the … prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early …
Persistent link: https://www.econbiz.de/10014069583
Persistent link: https://www.econbiz.de/10013261120
Using a newly collected dataset with plant-level information of robot use from 2014 to 2018, we provide the first … microscopic portrait of robotisation in Germany and study the potential determinants of robot adoption. Our descriptive analysis … uncovers five stylised facts concerning both extensive and, perhaps more importantly, intensive margin of plant-level robot use …
Persistent link: https://www.econbiz.de/10012299358
robotization in Germany and study the correlates of robot adoption. Our descriptive analysis uncovers five stylized facts: (1 …) Robot use is relatively rare. (2) The distribution of robots is highly skewed. (3) New robot adopters contribute … substantially to the recent robotization. (4) Robot users are exceptional. (5) Heterogeneity in robot types matters. Our regression …
Persistent link: https://www.econbiz.de/10014555554
-density robotics industry. Furthermore, although the scale of industrial robot usage before 2012 was smaller than that after 2012, its … varies across industry types. The influence coefficient of the low-density robotics industry is larger than that of the high … intermediating effect between industrial robots and labour productivity. Thus, industrial robot applications can contribute to labour …
Persistent link: https://www.econbiz.de/10015054127
Using a newly collected dataset of robot use at the plant level from 2014 to 2018, we provide the first microscopic … portrait of robotisation in Germany and study the potential determinants of robot adoption. Our descriptive analysis uncovers … five stylised facts concerning both extensive and, perhaps more importantly, intensive margin of plant-level robot use: (1 …
Persistent link: https://www.econbiz.de/10012414807