Claims: Data-Driven Automation -- by Maryam Farboodi, Andrew J. Koh, Anchi Xia
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- title: Data-Driven Automation -- by Maryam Farboodi, Andrew J. Koh, Anchi Xia Source
- url: https://www.nber.org/papers/w35320#fromrss Source
- summary: We build a dynamic model of data-driven automation in which data (i) is heterogeneous and task-specific; (ii) accumulates endogenously as a byproduct of economic activity; and (iii) exhibits spillovers such that data generated by one task can augment the productivity of another. Along the transition path of automation, data plays a dual role in simultaneously augmenting the productivity of already-automated tasks and expanding the automation frontier. We derive tight conditions for the economy t… Source
- published: Source