Daron Acemoglu
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La democracia paga: nueva evidenca sobre su impacto en el crecimiento económico
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Es tentador ser escépticos sobre la relación causal entre democracia y crecimiento económico, especialmente con ejemplos como China, el eclipse de la primavera árabe o el aumento del populismo en Europa y Estados Unidos. Sin embargo, nueva evidencia empírica muestra que la democratización aumenta el PIB per cápita entre 20…
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The Older, the Better: Aging Nations in the Automation Era
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In 1938, Alvin Hansen—the “American Keynes”—introduced a phrase that would form the basis of worry for policymakers in developed nations the world over. In the face of plunging birth rates and ever-increasing life expectancies, OECD nations were soon to face a “secular stagnation,” with waves of retirees withdrawing from both…
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Do Industrial Robots Contribute to Unemployment and Lower Wages?
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Over the past few years, rapid advances in technology have posed greater threats to jobs, especially those vulnerable to automation. Recently, McKinsey published a report analyzing the technical feasibility of automation in several occupations and concluded that service, manufacturing, and construction industries are all at risk of automation. Yet, the…
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Avoiding Systemic Risks and Tackling Recessions: A Network Perspective
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Employing network theory to understand social and economic interactions is coming into prominence, and these authors want to understand this phenomenon.