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In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012239797
This paper examines the bilateral relationship between the robot adoption and the age characteristics of the employment … is affected negatively from robotization, whereas there is a positive impact of robot adoption on old workers. Evidence …
Persistent link: https://www.econbiz.de/10014481208
The economic impact of Artificial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel … features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the … demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of …
Persistent link: https://www.econbiz.de/10012262282
economies in an interdependent world. Unified growth theory suggests that the transition from stagnation to growth is an …The transition from stagnation to growth and the associated phenomenon of the great divergence have been the subject of … an intensive research in the growth literature in recent years. The discrepancy between the predictions of exogenous and …
Persistent link: https://www.econbiz.de/10014023783
This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data … population shares have significantly negative effects on labor productivity growth, working via various channels – including …
Persistent link: https://www.econbiz.de/10013307538
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10012307830
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10011989980
The aim of this study is to investigate the ICT impact on labor productivity growth of EU developing countries …. Empirical studies of the role of ICT as one of the main determinants of productivity growth, for developing countries have … results indicate a positive and significant impact of ICT on labor productivity growth in developed and developing countries …
Persistent link: https://www.econbiz.de/10014039095
economic growth on many social phenomena, they may, in fact, merely reflect historical experience, that is, similar leader … and a unique rate of diffusion throughout the world. Suppose too that initially all countries are fairly closely bunched … follower countries in the various parts of the world fall in line in a similar geographic order. The result will be …
Persistent link: https://www.econbiz.de/10009730828
Productivity (TFP) growth in CEE countries. We show that due to their deep integration in GVCs, CEE countries have been exposed to … two recent developments highly correlated with their TFP performance: (i) a slowdown in TFP growth of parent firms located … in non-CEE EU countries; and (ii) a global slowdown in the growth rate of GVC participation, which is evident also for …
Persistent link: https://www.econbiz.de/10011816163