Thrilled to share my job market paper: ๐๐ก๐ค๐๐๐ก ๐๐ค๐๐ค๐ฉ๐จ ๐๐ค
โWhich firms supply robots? How do they respond to policies fostering or discouraging automation?
๐https://fabrizioleone.github.io/files/Global_Robots_Fabrizio_Leone_JMP.pdf
๐งตThe 5 Ws of global robot supply
โWhich firms supply robots? How do they respond to policies fostering or discouraging automation?
๐https://fabrizioleone.github.io/files/Global_Robots_Fabrizio_Leone_JMP.pdf
๐งตThe 5 Ws of global robot supply
Comments
Automation (e.g., ๐ค and AI) is on the rise ๐
Trade-off: productivity gains vs job displacement โก๏ธ debate about policy interventions (tax or subsidies)
Current debate focuses on adopters, i.e., the ๐๐๐ข๐๐ฃ๐ ๐จ๐๐๐ of the automation industry
(1/8)
I study the global market of ๐ค. Ideal setting:
๐๐ค are a leading type of automation technology
๐๐ญ๐ฌ multinational enterprises (MNEs) hold ๐ต๐ฌ% of global sales
(2/8)
๐ They have HQ mainly in ๐ฏ๐ต and central ๐ช๐บ, where >50% of new ๐ค are produced every year
๐ They have local branches that sell ๐ค โ "integration services" (e.g., customization) to users worldwide
๐ Stable set of MNEs over time
(3/8)
๐Collect new data on MNEs producing ๐ค and their global sales
๐Develop and estimate a multi-country general equilibrium model of ๐ค adoptionโoligopolistic MNEs competing to sell ๐ค
๐Simulate currently debated policy counterfactuals
(4/8)
๐๐๐ฒ๐ป๐ฐ๐ต๐บ๐ฎ๐ฟ๐ธ: MNEs ๐ฐ๐ฎ๐ป'๐ change market entry and pricing choices after the policy change
๐๐ก๐ฒ๐: MNEs ๐ฐ๐ฎ๐ป change market entry and pricing choices after the policy change ๐
(5/8)
1โฃ ๐๐บ๐ฝ๐น๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป: MNEs' responses amplify by 40% the aggregate & distributional effects of policy interventions
2โฃ ๐ฆ๐ฝ๐ถ๐น๐น๐ผ๐๐ฒ๐ฟ: Local policies can produce global outcomes if markets are linked via MNEs' global sales networks
(6/8)