Front Matter Page
African Department and Research Department
Contents
1 Introduction
2 The International Distribution of Robots
3 A Two-Region Model with Robots
3.1 Households
3.2 Firms
3.3 Equilibrium
3.4 Calibration of the Initial Steady States
3.5 Long-run Impact of the Robot Revolution
3.6 Short-run Impact of the Robot Revolution
3.7 Adding Two Skill Levels
4 Two-Sector Model with Two Skill Levels
4.1 Calibration of the Initial Steady States of Two-Sector Model
4.2 Long-run Impact of the Robot Revolution in the Two-Sector Model
5 Conclusion
A Appendix: Solving transitions
B Appendix: Data
C Appendix: Figure
List of Figures
1 Adoption of Robots in the Manufacturing Sector
2 Robot Stock Trends Across Income Groups in the Manufacturing Sector
3 Real Wages and Robot Density in the Manufacturing Sector
4 Percent Change in Real Wages and Robot Density in the Manufacturing Sector
5 Parameters
6 Moments in the Initial Steady State
7 Steady State Comparison: percent changes with respect to initial steady state for different
8 Transition: GDP per capita, Capital, Consumption, and Savings
9 Transition. Factor Prices and Labor Shares
10 Transition with Closed and Open Capital Accounts (σ = 3)
11 Steady State Comparison (percent changes with respect to initial steady state)
12 Moments in the Initial Steady State
13 Steady State Comparison (percent changes with respect to initial steady state)
A.1 Real Wages and Robot Density
List of Tables
1 Calibration of One-Sector Model
2 Calibration for Two-Labor Model
3 Percent Change in per-capita GDP following Increase in Robot Productivity
4 Calibration for Two-Sector Model
A.1 Details on Data Selection