Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative … function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …

This paper examines recent technological developments and how they could impact efforts by policymakers and political … trusted methods and pathways could be closing in light of new technological developments such as automation and artificial … intelligence, the impact of which on labor markets promises to be disruptive in the short to medium term. The paper provides a set …

role of automation in supporting the work of humans but the potential of Artificial Intelligence (AI) to influence the need …

We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …

We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …

The authors explore the impact of artificial intelligence on the economy by improving the neoclassical production …, artificial intelligence capital has a positive impact on labor share, but if artificial intelligence and labor force can …, without consideration of exogenous technology, as the artificial intelligence capital accumulates, per capita output, per …