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In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns...
Persistent link: https://www.econbiz.de/10014194939
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
Persistent link: https://www.econbiz.de/10012005993
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
Persistent link: https://www.econbiz.de/10012001438
The paper examines how Canadian manufacturing plants have responded to reductions in tariff barriers between Canada and the rest of world over the past two decades. Three main conclusions emerge from the analysis. First, trade liberalization was a significant factor behind the strong export...
Persistent link: https://www.econbiz.de/10012718085
This paper describes the evidence that several Statistics Canada studies have developed on the importance of innovation … to growth and the need for highly skilled workers in the innovation process. Rather than focusing on broad industry … frequently distinguishes faster from slower growing firms is innovation. Innovators in turn place greater emphasis on training …
Persistent link: https://www.econbiz.de/10014171719
facilitated by training is complementary to innovation and technological change. Training incidence is found to be closely related … strategies that are related to innovation. Training is also greater where a firm emphasizes quality and a comprehensive human …
Persistent link: https://www.econbiz.de/10014115498
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
Persistent link: https://www.econbiz.de/10008695959
"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10003960396
Persistent link: https://www.econbiz.de/10003966377