Workflow
Do Capital Incentives Distort Technology Diffusion? Evidence on Cloud, Big Data and AI
Shi Jie Yin Hang· 2024-09-19 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry under study Core Insights - Capital incentive policies in OECD countries, while aimed at promoting IT capital investment, may inadvertently hinder the adoption of cloud computing, big data analytics, and AI technologies [4][10][15] - The introduction of the Annual Investment Allowance (AIA) in the UK served as a quasi-natural experiment, revealing that while it increased IT capital investment by 61.7% from 2007 to 2013, it simultaneously reduced cloud adoption by 17 percentage points compared to the average cloud adoption rate of 28% during the same period [13][14] - The AIA's negative impact on technology diffusion was particularly pronounced for small and medium-sized enterprises (SMEs), which were found to be 37% less likely to adopt cloud technologies due to the capital incentive [14][15] Summary by Sections Introduction - The report discusses how capital incentives can shape production technology and the unintended consequences these policies may have on technological change [8][9] Policy Analysis - The AIA was introduced to stimulate investment in tangible capital, including IT capital, but has been shown to distort the choice between investing in IT capital and adopting cloud services [12][22] Empirical Findings - The empirical analysis indicates that the AIA led to a significant increase in tangible capital investment but a decrease in the adoption of cloud technologies, big data analytics, and AI [13][15] - The report estimates that the AIA policy reduced overall cloud use in the UK by 7-9 percentage points, effectively slowing cloud diffusion by more than one year [13][15] Technology Adoption - The findings suggest that the AIA also lowered the likelihood of using big data analytics and AI by 18% and 3%, respectively, among treated firms [15][16] - The report highlights that the demand for data analytics workers decreased by approximately 1.1% in firms affected by the AIA, indicating a direct link between capital incentives and labor demand in data-intensive roles [16][19] Conclusion - The report concludes that capital incentive policies can inadvertently affect the direction of technological adoption, leading to outcomes that contradict their intended objectives [18][20]
Trade-offs in the Design of Simplified Tax Regimes
Shi Jie Yin Hang· 2024-09-19 23:03
Policy Research Working Paper 10909 Public Disclosure Authorized Public Disclosure Authorized Trade-offs in the Design of Simplified Tax Regimes Evidence from Sub-Saharan Africa Christopher Hoy Thiago Scot Alex Oguso Anna Custers Daniel Zalo Ruggero Doino Jonathan Karver Nicolas Orgeira Pillai | --- | --- | --- | |-------------------------------------------------------|-------|----------------------------------------------------------------------------------------------------------| | | | | | | | | | Macroe ...
Guinea Economic Update
Shi Jie Yin Hang· 2024-09-19 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights the resilience of Guinea's economy, driven by a mining boom, but notes the challenges posed by weak linkages to the domestic economy and Dutch disease dynamics [19][20][38] - Agriculture is identified as a critical sector for structural transformation and climate resilience, with significant potential for inclusive growth [27][28] Summary by Sections Executive Summary - The report presents an overview of Guinea's macroeconomic position and emphasizes the importance of agriculture for sustainable growth [18] Chapter I: Macroeconomic and Poverty Developments and Outlook - GDP growth accelerated to 7.1% in 2023, driven by a 22% increase in bauxite production and a 10% increase in gold production [19][20] - The mining sector's weak integration with the domestic economy limits job creation and poverty reduction [20][41] - Fiscal management has maintained low deficits, averaging 1.4% annually from 2016 to 2023, but tax revenues remain low, averaging 12.7% of GDP [21][22] - The current account deficit averaged 10.6% from 2016 to 2023, primarily due to mining-related exports and FDI-related imports [24] - Growth is expected to slow to 4.9% in 2024 due to external shocks but is projected to accelerate to an average of 6.3% in 2025-2026 [25] Chapter II: The Importance of Agriculture for Structural Transformation and Climate Proofing Guinea's Economy - Agriculture contributes 27.8% to GDP and employs 53% of the population, but productivity remains low due to subsistence farming practices [28][31] - Climate change poses significant risks to agricultural productivity, with potential declines of up to 25% without appropriate measures [30] - The Nationally Determined Contribution (NDC) outlines a budget of US$13.8 billion needed by 2030 to achieve emissions reduction targets [32][33] - Policy options for fostering inclusive agricultural growth include improving public finance management, enhancing infrastructure, and investing in climate-resilient practices [34][36]
Zambia - Country Partnership Framework for the Period FY25-FY29
Shi Jie Yin Hang· 2024-09-19 23:03
Country Partnership Framework Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank Group FOR OFFICIAL USE ONLY INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNTRY PARTNERSHIP FRAMEWORK FOR REPUBLIC OF ZAMBIA FOR THE PERIOD FY25–FY29 September 5, 2024 Zambia Country Management Unit Eastern and Southern Africa Region The International Finance Corporation Africa Region The Multilateral Investment Guarantee Agen ...
Identification of an Expanded Inventory of Green Job Titles through AI-Driven Text Mining
Shi Jie Yin Hang· 2024-09-19 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The study expands the inventory of green job titles using AI-driven text mining, identifying 695 unique green job titles from 1,067 articles published after 2008, indicating a significant increase in research on green jobs globally [4][15][59] - The research utilizes a retrieval-augmented generation model to categorize jobs within various green economy sectors, aligning closely with established frameworks like the U.S. Department of Labor's O*NET [4][14][48] - The findings highlight the effectiveness of advanced natural language processing models in identifying emerging green job roles, contributing to the discourse on the green economy transition [4][16][60] Summary by Sections Introduction - The urgency of a green transition is emphasized, necessitating analysis of its impacts on labor markets and the development of effective strategies for education and employment [8] - The report notes the limitations of existing green job classifications, particularly O*NET, which is outdated and U.S.-centric [11][12] Methodology - The study employed natural language processing techniques to identify green job titles from a comprehensive literature review, focusing on peer-reviewed articles [17][19] - The retrieval-augmented generation model was used to enhance the identification process, allowing for a larger analysis set compared to traditional methods [14][20] Results - A total of 695 unique green job titles were identified, with a significant portion in engineering and technician-level roles, reflecting the diverse nature of the green economy [36][37] - The geographical spread of articles has expanded, indicating a growing global interest in green jobs, with notable contributions from various regions [33][36] Comparison with O*NET - The study found that 17% of the identified job titles matched those in O*NET, suggesting the presence of new roles not currently recognized in existing classifications [45][47] - The research proposes the creation of 25 distinct clusters of job titles interpreted as green economy sectors, some of which are not represented in O*NET [48][49]
Europe 500 2024
Brand Finance· 2024-09-19 00:53
Brand Finance® | --- | --- | |--------------------------------------------------------------------------------------|-------| | | | | | | | Europe 500 2024 | | | The annual report on the most valuable and strongest European brands September 2024 | | Contents | --- | --- | |-----------------------------------------------------------------------------------------------|-------| | | | | About Brand Finance | 3 | | Foreword | 4 | | David Haigh, Chairman & CEO, Brand Finance | | | Ranking Analysis | 7 | | Brand ...
Open sourcing the AI revolution
经济学人· 2024-09-19 00:13
Industry Investment Rating - The report does not explicitly provide an investment rating for the industry, but it highlights the growing importance and potential of open-source AI in driving innovation and economic growth [4][9] Core Viewpoints - Open-source AI promotes democratisation, innovation, and economic competitiveness while enhancing safety, transparency, and trust [4] - Open-source AI models are increasingly being adopted, with two-thirds of large language models (LLMs) released in 2023 being open-source [4] - Open-source AI faces challenges such as resource constraints, potential misuse, and the need for high-quality data [4][6] Chapter Summaries Chapter 1: Access - Open-source AI offers four freedoms: to study, modify, use, and share, enabling diverse applications but also posing risks of misuse [10] - Open-source models can help tackle bias and toxicity in AI by allowing more users to identify and address vulnerabilities [11][12] - Linguistic diversity in AI is improving, with initiatives to train models in non-English languages like Hindi and Arabic [14][16] Chapter 2: Innovation and Economic Growth - Open-source AI is driving scientific research, with projects like AlphaFold and OpenCRISPR advancing fields such as medicine and biology [24][25] - Open-source AI is delivering productivity gains, with tools like GitHub Copilot boosting developer efficiency and ML-powered open-source software contributing $30bn to the global economy in 2022 [27][28] - Open-source AI supports local innovation in developing economies, with projects like PROMPTS and FoondaMate addressing maternal health and education [30] Chapter 3: Transparency and Trust - Open-source AI improves reliability and security through continuous peer review, with 89% of IT leaders believing it is as secure or more secure than proprietary software [34][36] - Open-source AI enhances transparency by allowing users to inspect model weights, architecture, and algorithms, fostering trust and ethical AI development [36][37] - Data quality and governance remain critical challenges, with the risk of model collapse and the need for clear definitions and standards in open-source AI [37][38]
How batteries will drive the zero-emission truck transition
麦肯锡· 2024-09-19 00:08
Automotive & Assembly Practice How batteries will drive the zero-emission truck transition Battery electric vehicle technology will be key to reducing road freight emissions and achieving global climate targets. by Jakob Fleischmann with Lena Bell and Patrick Kroyer Road freight vehicles1 account for a significant share of global CO2 emissions. Hence, minimizing their carbon footprint is a vital step toward achieving global climate targets. Over the past decade, governments, fleet operators, and truck OEMs ...
Women at Work
Shi Jie Yin Hang· 2024-09-18 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - Women's labor force participation in developing countries, particularly in urban Djibouti, remains low due to restrictive gender norms, but targeted employment opportunities can significantly increase participation [4][10][21] - The public works program in Djibouti demonstrated high take-up rates among women, with 92% of households accepting the opportunity, and over 75% of participants choosing to work themselves rather than delegating the opportunity [14][15] - Despite the short-term success of the program in increasing employment by 55 percentage points, women reverted to non-participation in the labor market after the program ended, indicating the need for sustained employment opportunities [17][21] Summary by Sections Introduction - Women's labor market participation is flat or declining in some regions, presenting a policy challenge, with economic growth not being the sole factor influencing participation [8][9] Context and Intervention - Djibouti faces significant economic challenges, with high poverty and food insecurity rates, and a public works program was initiated to provide short-term income support while promoting human capital formation [23][25][30] Experimental Design - The study utilized a randomized control trial design to evaluate the impact of the public works program on women's employment and decision-making power [34][36] Main Findings - The program led to a substantial increase in women's employment during its duration, but this effect did not persist post-intervention, highlighting the importance of ongoing support for women's labor force attachment [17][21] - Women maintained control over their earnings, with only a small portion giving their income to their husbands, indicating a shift in intra-household dynamics [16][17] - The program's design, which included local work opportunities and consideration of women's domestic responsibilities, was crucial for its acceptance and success [13][31] Heterogeneity of Effects - The analysis revealed that women with higher mobility constraints were less likely to take up the employment offer, suggesting that social norms play a significant role in labor supply responses [19][21] Conclusion - The findings suggest that while targeted employment opportunities can draw women into the labor market, the absence of sustained employment options limits long-term participation, emphasizing the need for policies that address women's specific needs in the labor market [21][30]
2024 SpyCloud Malware and Ransomware Defense Report
SpyCloud· 2024-09-18 03:28
PRESENTS THE 2024 MALWARE AND RANSOMWARE DEFENSE REPORT FROM THE COMPANY THAT BROUGHT YOU THE WORLD'S LARGEST COLLECTION IN COLLABORATION WITH NSEE OF O security professionals By the year 2024, the computer had become the central force of the workplace. Long gone were the days of the typewriter, filing cabinets, and notepads – and in their place, every office worker had become a machine of one, powered by their device, speeding through each eight-hour day on a keyboard and furiously clicking in the name of ...