Source Themes

Artificial intelligence, productivity, and the labor share

What is the impact of artificial intelligence adoption on firm productivity and labor automation? Using data from Spanish manufacturing firms during 2018-2024, I find that adoption of deep learning increases labor-augmenting productivity by …

Computing power, productivity, and misallocation

Do workers benefit from improved computer processors? Using anonymized trace data from over 1 million users, we study the impact of more powerful CPUs on task performance, quantifying resulting speed gains and changes in misallocated resources. We …

The impact of Moore’s law on productivity slowdown and the labor share

Why have the impacts of ICT to US productivity growth declined since the 1990s? Using data from the Annual Survey of Manufacturers and Census of Manufactures, we plan to estimate production functions with IT-augmenting productivity in order to …

The offense-defense balance and the costs of anarchy: Welfare is U-shaped under offensive advantage

A large literature has argued that offensive advantage makes states worse off because it can induce a security dilemma, preemption, costly conflict, and arms races. We argue instead that state welfare is U-shaped under offensive advantage. We assess …

International governance of advancing artificial intelligence

New technologies with military applications may demand new modes of governance. In this article, we develop a taxonomy of technology governance forms, outline their strengths, and red-team their weaknesses. In particular, we consider the challenges …

Economic impacts of AI-augmented R&D

Since its emergence around 2010, deep learning has rapidly become the most important technique in Artificial Intelligence (AI), producing an array of scientific firsts in areas as diverse as protein folding, drug discovery, integrated chip design, …

Uncertainty, information, and risk in international technology races

A formal model reveals how the information environment affects international races to implement a powerful, dangerous new military technology, which may cause a "disaster" affecting all states. States implementing the technology face a tradeoff …