Growth Effects of Additive and Multiplicative Robots Alongside Conventional Machines
We study the effects of introducing two different types of robots (additive and multiplicative) in an infinitely lived one-sector aggregative model with malleable capital on wages. The wage effects of these two polar cases are dramatically different. Given malleable capital that can be retrofitted f...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2019
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2327 https://ink.library.smu.edu.sg/context/soe_research/article/3326/viewcontent/Hoon_HUP_working_paper_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
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