In this project, we attempt to analyze how union bargaining power, governmentsubsidies and heterogeneous firms influence economic growth and social welfarethrough a cycle of automation and innovation. To analyze these effects, this 2-years project will consider a Schumpeterian growth model with endogenousautomation and introduce labor union and endogenous entry of heterogeneousfirms into this model. In the first year, this project focuses on the short-rundynamic and the long-run equilibrium effects of union bargaining power onunemployment, economic growth and social welfare in a quality-ladder modelwith endogenous automation. In the second year, this project explores whethereconomic growth have a non-monotonic relationship with R&D subsidy andautomation subsidy through endogenous entry of heterogeneous firms. Finally, inthe second year, we also attempt to discuss the welfare effects of R&D andautomation subsidies.
|Effective start/end date||19/08/21 → 31/07/22|
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):
- labor union
- heterogeneous firms
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