Saturday , November 27 2021
Home / Tag Archives: innovation

Tag Archives: innovation

Do robots dream of paying taxes?

The digital transition should be managed – and taxed – alongside other societal transitions, but any tax on companies that replace employees with automated systems should be targeted and carefully designed to not stifle innovation. By: Rebecca Christie Date: October 5, 2021 Topic: Innovation & Competition Policy Robot taxes embody the more futuristic challenges of managing automation and legacy workers. As machines and artificial intelligence take on more roles that used to...

Read More »

Europe doesn’t need a ‘Mega-Fab’

Europe should defend its existing dominance in equipment manufacturing for semiconductors and invest in chip design instead of luring high-end fabrication to its shores. By: Niclas Poitiers Date: September 22, 2021 Topic: Global Economics & Governance The computer chips that power our digital economy have become pawns in the geopolitical tussle between the great powers. Digital devices such as smartphones or laptops are China’s most important export. ‘Information and...

Read More »

Workers can unlock the artificial intelligence revolution

Employers and artificial intelligence developers should ensure new technologies work for workers by making them trustworthy, easy to use and valuable in day-to-day work. Artificial intelligence (AI) has the potential to boost firm-level labour productivity by three to four per cent, and therefore significantly impact economic growth in Europe. However, only four in ten European businesses have so far adopted an AI technology, most commonly in areas such as fraud detection or warehouse...

Read More »

The coming productivity boom

AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change. The last 15 years have been tough times for many Americans, but there are now encouraging signs of a turnaround. Productivity growth, a key driver for higher living standards, averaged only 1.3% since 2006, less than half the rate of the previous decade. But on June 3, the US Bureau of Labor Statistics reported that US labour productivity increased by 5.4% in the first...

Read More »

Crypto… mania

Cryptocurrencies are here to stay but are unlikely to be considered a credible alternative to money anytime soon. This opinion piece is forthcoming in the Money Review section of Kathimerini and El Economista. Cryptocurrencies are here to stay. Coin Market Cap, a popular information site on all things crypto, lists close to 10,000 of them. The name suggests that they are currencies and most of them are, in that they have a value and are accepted as a means of payment. But they cannot be...

Read More »

Research and innovation policies and productivity growth

Can research and innovation policies power growth? The answer currently can only be a timid yes. Too little is known of what drives the actual effects of R&I policies. By: Reinhilde Veugelers Date: May 10, 2021 Topic: Innovation & Competition Policy This Working Paper is an output from the MICROPROD project,which received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement no. 822390. We review the evidence on the...

Read More »

Algorithmic management is the past, not the future of work

Algorithmic management is the twenty-first century’s scientific management. Job quality measures should be included explicitly in health and safety risk assessments for workplace artificial-intelligence systems. AI in the workplace: what’s at stake? The use of artificial intelligence in the workplace has been hailed as both the future of work and its destruction. Worker-friendly applications of AI in the workplace include the automation of dangerous, dirty and dull tasks, strategic workforce...

Read More »

We need more bias in artificial intelligence

What makes one vision more desirable than another is not its neutrality, but whether it can better serve one’s goals in the context of where those goals are being pursued. By: Mario Mariniello Date: April 21, 2021 Topic: European Macroeconomics & Governance This opinion piece is forthcoming in Il Sole 24 Ore. The Muller-Lyer optical illusion consists of two lines of equal length that differ only in the direction of arrowheads at either end. Yet, to most observers, the line...

Read More »

High-impact entrepreneurs are key to overcoming the economic fallout in Europe from Covid-19

How can European economies recover from Covid-19? Dirk Jan van den Berg writes that as entrepreneurship takes a hit, Europe needs collaboration to develop, identify and implement innovative solutions. The Covid-19 pandemic has brought unprecedented changes to our societies. This defining moment is pushing us to reconsider and change the way we live; and ultimately, this will mean innovating. Indeed, innovation will play a crucial role in resolving this crisis and in ensuring a sustainable and...

Read More »

Europe may be the world’s AI referee, but referees don’t win

The EU needs to invest in homegrown technology. By: Guntram B. Wolff Date: February 19, 2020 Topic: European Macroeconomics & Governance The European Commission’s Executive Vice President Margrethe Vestager has been tasked with developing a European strategy on artificial intelligence. For Europe, the crucial question is how to speed up AI uptake in the industrial sector — indeed, only 18 percent of large European companies use AI tools at scale.So far, however, the European...

Read More »