The Next Phase in the Digital Revolution: Platforms, Abundant Computing, Growth and Employment

This report argues that computer-intensive automation (CIAutomation) is likely to change the nature of work and manufacturing value creation in the emerging Platform Economy.  The industrial and service changes based on low-cost computation, as they become more generalized, may reverse Robert Gordon’s observations about the slowing growth in productivity.  However, the increased adoption of CIAutomation […]

Firm Subsidies, Wages and Labor Mobility

The bulk of innovation subsidies in Finland are allocated to firms in industries where the employment share of “innovators,” i.e., workers who are specialized in R&D&I, is very high. The average subsidy per employee is typically the highest among young firms. At the firm level, an increase in innovation subsidies is typically associated with an […]

Job Creation and the Role of Dependencies

We contribute to the extensive literature on the relationship between firm size and job creation, by examining the effects of dependencies between enterprises. Using Finnish monthly data encompassing the population of Finnish private businesses, we calculate the gross job creation and destruction, together with the net job creation, for different size classes and industries. Importantly, […]

Industrial Blockchain Platforms: An Exercise in Use Case Development in the Energy Industry

To encourage public discourse on blockchain use case development, this paper provides a pragmatic view on how to develop and to describe blockchain use cases. We approach the issue by developing a tentative use case for autonomous machine-to-machine transactions of electricity in a housing society environment through an iterative process with stakeholders in the energy […]

Nobel prize in economic sciences to Oliver Hart and Bengt Holmström

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart, Harvard University, and Bengt Holmström, Massachusetts Institute of Technology, for their contributions to contract theory.

Fornaro, Paolo

The Next Phase in the Digital Revolution: Platforms, Abundant Computing, Growth and Employment

This report argues that computer-intensive automation (CIAutomation) is likely to change the nature of work and manufacturing value creation in the emerging Platform Economy.  The industrial and service changes based on low-cost computation, as they become more generalized, may reverse Robert Gordon’s observations about the slowing growth in productivity.  However, the increased adoption of CIAutomation […]

Firm Subsidies, Wages and Labor Mobility

The bulk of innovation subsidies in Finland are allocated to firms in industries where the employment share of “innovators,” i.e., workers who are specialized in R&D&I, is very high. The average subsidy per employee is typically the highest among young firms. At the firm level, an increase in innovation subsidies is typically associated with an […]

Job Creation and the Role of Dependencies

We contribute to the extensive literature on the relationship between firm size and job creation, by examining the effects of dependencies between enterprises. Using Finnish monthly data encompassing the population of Finnish private businesses, we calculate the gross job creation and destruction, together with the net job creation, for different size classes and industries. Importantly, […]

Industrial Blockchain Platforms: An Exercise in Use Case Development in the Energy Industry

To encourage public discourse on blockchain use case development, this paper provides a pragmatic view on how to develop and to describe blockchain use cases. We approach the issue by developing a tentative use case for autonomous machine-to-machine transactions of electricity in a housing society environment through an iterative process with stakeholders in the energy […]

Nobel prize in economic sciences to Oliver Hart and Bengt Holmström

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart, Harvard University, and Bengt Holmström, Massachusetts Institute of Technology, for their contributions to contract theory.

Fornaro, Paolo