Sir Chris Pissarides is Regius Professor of Economics at the London School of Economics, and Professor of European Studies at the University of Cyprus. His research focuses on macroeconomics, labour economics, economic growth, and economic policy. In 2010 he received the Nobel Prize in Economics along with Peter Diamond and Dale Mortensen, "for their analysis of markets with theory of search frictions."
Website: https://www.lse.ac.uk/economics/people/faculty/christopher-pissarides
Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4114600
Abstract: In a model with robots, and automatable and complementary human tasks, we examine robot-labour substitutions and show how it they are influenced by a country's "innovation system". Substitution depends on demand and production elasticities, and other factors influenced by the innovation system. Making use of World Economic Forum data we estimate the relationship for thirteen countries and find that countries with poor innovation capabilities substitute robots for workers much more than countries with richer innovation capabilities, which generally complement them. In transport equipment and non-manufacturing robots and workers are stronger substitutes than in other manufacturing.
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