as a non-linear function of the Weibull distribution of capital-labor ratio. Empirical findings support the choice of a …

on inflation; b) introducing growth generating mechanisms …

Cobb-Douglas technology). Given the relevance of σ for economic growth and the functional distribution of income, the …

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 …

In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu … and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the … economic consequences of artificial intelligence (AI). This paper provides an alternative endogenous growth model that …

-approach to labor markets and endogenous growth theory. Therefore, the recent integration of the task-approach into an endogenous … growth model by Acemoglu and Restrepo (AR) is a useful advance. However, it is subject to the shortcoming that it does not … AI abilities for use within endogenous growth models. This more ability-sensitive specification of the task …

decline to either the slowing of population growth, and/or growing market concentration, zombie-firm congestion, slower … entrepreneurship in growth theories …