Showing 1 - 10 of 221
This paper introduces a little known category of estimators - Linear Non-Gaussian vector autoregression models that are acyclic or cyclic - imported from the machine learning literature, to revisit a well-known debate. Does exporting increase firm productivity? Or is it only more productive...
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Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10003966642
The identification of a VAR requires differentiating between correlation and causation. This paper presents a method to deal with this problem. Graphical models, which provide a rigorous language to analyze the statistical and logical properties of causal relations, associate a particular set of...
Persistent link: https://www.econbiz.de/10002133841
This paper examines the labor market adjustments to four automation technologies (i.e. robots, communication technology, information technology, and software/database) in 227 regions across 22 European countries from 1995 to 2017. By constructing a measure of technology penetration, we estimate...
Persistent link: https://www.econbiz.de/10014290147
Automation technologies, including within the same family, are fundamentally heterogeneous in their design and the tasks they can execute. While the number of sectors that are exposed to most digital automation technologies is still relatively limited, it is expanding. Data-intensive...
Persistent link: https://www.econbiz.de/10014290916
Employment adjustments to automation vary across industries, regions, technologies, and time. Technological penetration of robots is related to higher employment within the industry in low-tech regions in the short run. Robots are negatively correlated to employment in knowledge-intensive...
Persistent link: https://www.econbiz.de/10014290920
Do creative industries have positive spillovers for the local economy in middle-income countries, for instance by attracting creative workers who benefit entrepreneurs and workers in other industries? Creative industries are considered highly innovative and productive and several studies in...
Persistent link: https://www.econbiz.de/10014518253
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot technologies from 1995 to 2017 in 163 European regions. We first identify major technological breakthroughs during this period for these automation technologies and identify the...
Persistent link: https://www.econbiz.de/10014534326