An evaluation of claims about large macroeconomic implications of new advances in AI finds a 0.66 percent increase in total factor productivity over 10 years, from @DrDaronAcemoglu https://t.co/8VYks1sUom
Chronic underinvestment – lack of knowledge diffusion – institutional fragmentation
Three critical elements holding back the productivity of people, firms and places in the UK.
Discover more by reading The Productivity Agenda: https://t.co/bMMWYQRqVq
#productivityagenda
« How can open, effective competition and targeted, effective regulation together drive the productivity, #innovation and growth that the economy needs? » https://t.co/DApdzLvqOa
Productivity doesn't just matter only as a means to boost economic growth, but also to sustain and improve people’s living standards over time and ensure that the benefits of a vibrant economy are shared.
This is a key message from the #productivityagenda: https://t.co/bMMWYQRqVq
The productivity J-curve is discussed in @DianeCoyle1859's #productivityagenda chapter about digitalisation and AI.
"If this is correct, the productivity dividend from recent digital innovations will eventually arrive." https://t.co/bMMWYQRqVq
What is Baumol cost disease? Services sector, particularly labour-intensive services like the public sector, experience continually rising costs while productivity is stagnant.
Read @bart_ark, Joel Hoskins & @jorden_nina's #productivityagenda chapter: https://t.co/bMMWYQRqVq
What are the links between R&D, innovation & productivity? This blog looks at insights from @RichardALJones' chapter of the #productivityagenda, as well as Productivity Puzzles eps. w/ @PilatSTI, @POID_LSE's @asvalero & @GI_Index's Sacha Wunsch Vincent. https://t.co/QFxjQmY73G
UK should increase annual public investment by 1% of GDP to deliver on the need to tackle climate change, biodiversity loss and environmental degradation, and to be economically productive, efficient and competitive in the future says new report 👇🏾
https://t.co/9s31QOhbPh
Out now! A new UK policy institution for growth and productivity
By @asvalero and @bart_ark
Addressing the UK’s productivity problem requires increased long-term, investment in physical, human and intangible capital.
@TPIProductivity@CEP_LSE
Read: https://t.co/G4dWtTwaRC
Forthcoming at EJ: ‘The Forward-Looking Effect of Increasing the Full Retirement Age' by Francesca Carta, Marta De Philippis https://t.co/3V4JOIoBZu @RoyalEconSoc @OUPEconomics #EconTwitter