Innovation, automation, and inequality: Policy challenges in the race against the machine
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Monetary Economics"
DOI: 10.1016/j.jmoneco.2019.10.012
Abstract: We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation-driven growth leads to… read more here.
Keywords: innovation automation; inequality; education; automation inequality ... See more keywords
Automation-driven innovation management? Toward Innovation-Automation-Strategy cycle
Sign Up to like & getrecommendations! Published in 2021 at "Technological Forecasting and Social Change"
DOI: 10.1016/j.techfore.2021.120723
Abstract: Abstract There is a resurging interest in automation because of rapid progress of machine learning and AI. In our perspective, innovation is not an exemption from their expansion. This situation gives us an opportunity to… read more here.
Keywords: innovation automation; automation; process; innovation ... See more keywords
Should the government subsidize innovation or automation?
Sign Up to like & getrecommendations! Published in 2022 at "Macroeconomic Dynamics"
DOI: 10.1017/s1365100522000098
Abstract: This study introduces automation into a Schumpeterian growth model to explore the effects of R&D and automation subsidies. R&D subsidy increases innovation and growth but decreases the share of automated industries and the degree of… read more here.
Keywords: innovation automation; skill workers; subsidize innovation; automation ... See more keywords