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Automation, new technology and non-homothetic preferences
Struck, Clemens C.; Velic, Adnan - 2019
To rationalize a substantial income share of labor despite progressive task automation over the centuries, we present a simple model in which demand moves along a vertically differentiated production structure toward goods of increasing sophistication. Automation of more sophisticated goods...
Persistent link: https://www.econbiz.de/10012012963
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The unilateral implementation of a sustainable growth path with directed technical change
Bijgaart, Inge van den - 2015
technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across … countries. Whenever feasible, optimal policies implement sustainable growth by directing global innovation to the nonpolluting … sector. If nonparticipants drive global innovation, this requires policies relocating clean production to nonparticipants. A …
Persistent link: https://www.econbiz.de/10010485494
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Knowledge diffusion, trade and innovation across countries and sectors
Cai, Jie; Li, Nan; Santacreu, Ana Maria - 2017
We provide a unified framework for quantifying the cross country and cross-sector interactions among trade, innovation … model in which comparative advantage and the stock of knowledge are determined by innovation and diffusion. A reduction in … trade costs induces a re-allocation of comparative advantage in production and innovation across sectors, which translates …
Persistent link: https://www.econbiz.de/10011782608
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Environmental policy and growth when inputs are differentiated in pollution intensity
Ricci, Francesco - 2002
that it spurs innovation. Through this channel environmental policy may increase the growth rate of the economy. …
Persistent link: https://www.econbiz.de/10011596394
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Education and "human capitalists" in a classical-Marxian model of growth and distribution
Dutt, Amitava Krishna; Veneziani, Roberto - 2017
-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …
Persistent link: https://www.econbiz.de/10011596528
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Emission taxes, feed-in subsidies and the investment in a clean technology by a polluting monopoly
García-Alaminos, Ángela; Rubio, Santiago J. - 2019
The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the same good with a technology that employs a polluting input and a clean technology. The second-best tax and subsidy are calculated solving a two-stage policy game between the...
Persistent link: https://www.econbiz.de/10012028355
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Informing consumers about their own preferences
Peitz, Martin; Inderst, Roman - 2012
We analyze a model of monopolistic price discrimination where only some consumers are originally sufficiently informed about their preferences, e.g., about their future demand for a utility such as electricity or telecommunication. When more consumers become informed, we show that this benefits...
Persistent link: https://www.econbiz.de/10011489927
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Occupational choice and the dynamics of human capital, inequality and growth
Dvorkin, Maximiliano A.; Monge-Naranjo, Alexander - 2019
We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to quantitatively assess the aggregate impact of automation and other task-biased technological innovations. We extend recent quantitative general...
Persistent link: https://www.econbiz.de/10011998090
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A classical model of education, growth and distribution
Dutt, Amitava Krishna; Veneziani, Roberto - 2017
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and...
Persistent link: https://www.econbiz.de/10011596523
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An elementary model of VC financing and growth
Greenwood, Jeremy; Han, Pengfei; Inokuma, Hiroshi; … - 2022
Persistent link: https://www.econbiz.de/10013447945