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Productive robots and industrial employment: the role of national innovation systems

Kapetaniou, Chrystalla and Pissarides, Christopher (2020) Productive robots and industrial employment: the role of national innovation systems. CFM Discussion Paper (CFM-DP2020-23). Centre For Macroeconomics, London School of Economics and Political Science, London, UK.

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Abstract

We examine robot-labour substitutions in manufacturing and some other sectors in industrial countries. We show that the degree of substitution depends on demand and production elasticities. In multicountry empirical work its sign and magnitude crucially depends on a country's innovation environment. Making use of World Economic Forum data we estimate that countries with poor innovation capabilities substitute robots for workers but countries with richer innovation capabilities complement them. In non-manufacturing and transport equipment robots and workers are stronger substitutes than in other manufacturing. Our results can be rationalized by appeal to both Örm objectives and international trade

Item Type: Monograph (Discussion Paper)
Official URL: http://www.centreformacroeconomics.ac.uk/Discussio...
Additional Information: © 2020 The Authors
Divisions: Economics
Subjects: H Social Sciences > HD Industries. Land use. Labor
JEL classification: J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L21 - Business Objectives of the Firm
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O33 - Technological Change: Choices and Consequences; Diffusion Processes
O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe
Date Deposited: 14 Dec 2020 10:42
Last Modified: 28 Dec 2020 00:37
URI: http://eprints.lse.ac.uk/id/eprint/107901

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