In this seminar Anil Savio Kavuri will provide an overview of his joint paper with Warwick McKibbin, Impact of Robots.

This study develops a multi-sector endogenous technical change general equilibrium framework to investigate the impact of robot development on the welfare of heterogeneous labour classes. The framework integrates leisure, endogenous technical change, elasticity of substitution between sectors, robots purchased by the consumer, robots as a form of human replacement, heterogeneous skills of labour and six stages of robot development. The last stage represents singularity with human superfluous in production. The author finds that leisure plays a pivotal role in ensuring welfare is unaffected or improved in almost every stage. Other observations found by the author include benefits of robots purchased by the consumer and workers being able to counter extinction from singularity.

Anil Savio Kavuri is a PhD Economics Scholar. His research focuses on building theoretical macroeconomic economic models that are dynamically optimised in order to uncover characteristics of world economies. Models involve leisure technology, consumption habits, endogenous technical change and interest rate determination. He graduated with a First Class Honours from University College of London being placed the top of the student body in Game Theory, Experimental Economics and Money and Banking. He holds an MPhil in Finance from University of Cambridge and Chartered Financial Analyst accreditation level I and level II, and also holds a master degree in Energy Management and Policy from Columbia University with a GPA’s of 4.13 in the energy concentration and 3.83 overall. After graduation, he undertook a short-term position as an Energy Project Finance Consultant at the World Bank in Washington, after which he obtained a position as a project financier in the Power and Utilities division of Scotia Capital on Wall Street. During his PhD, he visited the University of Leeds as a visiting researcher.

The CAMA Macroeconomics Brown Bag Seminars offer CAMA speakers, in particular PhD students, an opportunity to present their work in progress in front of their peers, and reputable visitors to showcase their work.