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Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements

Fernald, John G. - 2006

Structural vector-autoregressions with long-run restrictions are extraordinarily sensitive to low-frequency correlations. This paper explores this sensitivity analytically and via simulations, focusing on the contentious issue of whether hours worked rise or fall when technology improves. Recent...

Persistent link: https://www.econbiz.de/10012734986

Are Technology Improvements Contractionary?

Basu, Susanto; Fernald, John G.; Kimball, Miles S. - 2015

Yes. We construct a measure of aggregate technology change, controlling for imperfect competition, varying utilization of capital and labor, and aggregation effects. On impact, when technology improves, input use falls sharply, and output may fall slightly. With a lag of several years, inputs...

Persistent link: https://www.econbiz.de/10014208898

Short and long effects of productivity on unemployment

Chen, Pu; Semmler, Willi - In: Open economies review 29 (2018) 4, pp. 853-878

Persistent link: https://www.econbiz.de/10012041664

Technischer Fortschritt, Wachstum und Globalisierung, Konsequenzen für die künftige Beschäftigungsentwicklung

Flaig, Gebhard - In: Arbeitsgesellschaft im Umbruch : Ursachen, Tendenzen, …, (pp. 9-25). 2002

Persistent link: https://www.econbiz.de/10001693921

The middle-income trap 2.0 : the increasing role of human capital in the age of automation and implications for developing Asia

Glawe, Linda; Wagner, Helmut - 2020 - Update March 2020

We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...

Persistent link: https://www.econbiz.de/10012206273

Unemployment and the direction of technical change

Casey, Gregory - 2024

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …

Persistent link: https://www.econbiz.de/10014583789

The Middle-Income Trap 2.0 : The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia

Glawe, Linda - 2018

In our paper, we modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”). In particular, we analyze the impacts of automation, artificial intelligence, and...

Persistent link: https://www.econbiz.de/10012909722

Information and Communication Technology (ICT) and Singapore's Economic Growth

Khuong, Vu Ming M. - 2014

Singapore's remarkable success in economic development has been strongly associated with the country's vigorous efforts to embrace the Information and Communication Technology ICT revolution to promote economic growth. This study provides a comprehensive investigation of the contributions of ICT...

Persistent link: https://www.econbiz.de/10013054028

Wage Inequality and the Contribution of Capital, Differential Labor Quality and Efficiency to Economic Growth in Korea, 1965-2007

Kwack, Sung Yeung - 2012

We show that skilled and unskilled labors are imperfect substitutes and that capital and skilled labor are complementary in production. The Korean economy has experienced skill-biased technical changes. The capital stock growth is found to be the main source of the economic growth. The...

Persistent link: https://www.econbiz.de/10013109245

Effects of Technology and Innovation Management and Total Factor Productivity on the Economic Growth of China

Lee, Jung Wan - 2022

The paper aims to investigate relationships between technology and innovation management, total factor productivity and economic growth in China. By comparing the trends in total factor productivity growth of industrialized economies (i.e. OECD), this study intends to showcase the importance of...

Persistent link: https://www.econbiz.de/10013296140