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This paper develops a post Keynesian macromodel of growth and distribution in which endogenous technological innovation … will then be non-linear in concentration, and the effect of changes in concentration on capacity utilisation, growth and … distribution will depend on the level of concentration. Demand also plays a role, with capacity utilisation andgrowth rising with …
Persistent link: https://www.econbiz.de/10010754195
This paper develops a post Keynesian macromodel of growth and distribution in which endogenous technological innovation … will then be non-linear in concentration, and the effect of changes in concentration on capacity utilisation, growth and … distribution will depend on the level of concentration. Demand also plays a role, with capacity utilisation andgrowth rising with …
Persistent link: https://www.econbiz.de/10010754206
productivity growth has declined over time, especially for the high intangible sector.I further test the relationship between …'s future growth in output and employment is strongly correlated with its intangible capital intensity. The firm-level results …
Persistent link: https://www.econbiz.de/10013150903
Elevated levels of government debt raise concerns about their effects on long-term growth prospects. Using the cross … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can … government debt and future growth …
Persistent link: https://www.econbiz.de/10011962223
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …
Persistent link: https://www.econbiz.de/10011398011
We construct an endogenous growth model with automation and horizontal innovation in an economy with low- and high …
Persistent link: https://www.econbiz.de/10012938314
In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
After a number of AI-winters, AI is back with a boom. There are concerns that it will disrupt society. The immediate concern is whether labor can win a 'race against the robots' and the longer-term concern is whether an artificial general intelligence (super-intelligence) can be controlled. This...
Persistent link: https://www.econbiz.de/10011993083
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 …
Persistent link: https://www.econbiz.de/10011951702
capital income tax can be positive or negative (a subsidy). We then endogenize the entrepreneurial productivity distribution …
Persistent link: https://www.econbiz.de/10014576614