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Publicação
Robots, tasks, and trade
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Autores
Orientador(es)
Resumo(s)
This paper examines the effects of robotization on trade patterns, wages and welfare. It develops a Ricardian model with two-stage production and trade in intermediate and final goods in which robots can take over some tasks previously performed by humans in a subset of industries. An increase in robot adoption in the North reduces the cost of production and thereby impacts trade in final and intermediate goods with the South. The empirical analysis uses ordinary least squares and instrumental-variable regressions exploiting variation in exposure to robots across countries and sectors. Both reveal that greater robot intensity in own production leads to: (i) a rise in imports sourced from less developed countries in the same industry; and (ii) an even stronger increase in exports to those countries. Counterfactual simulations indicate that Northern robotization raises domestic welfare, but initially depresses wages. However, this adverse effect is likely to be reversed by further reductions in robot prices. Northern robotization may lead to higher wages and welfare in the South.
Descrição
Palavras-chave
Automation robots tasks jobs wages trade intermediate inputs global value chains gains from trade
Contexto Educativo
Citação
Artuc, Erhan, Paulo Bastos e Bob Rijkers (2020). "Robots, tasks, and trade". Instituto Superior de Economia e Gestão – REM Working paper nº 0118 – 2020
Editora
ISEG - REM - Research in Economics and Mathematics