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Massachusetts Institute of Technology


Miracle, or marginal gain?

A study by MIT economists suggests that industrial policy has a relatively limited impact on GDP growth, with average long-run gains of 1.08% in favorable circumstances. The research indicates that local consumer demand can curb the impact of industrial policy, putting a ceiling on directed growth.

SourceMassachusetts Institute of Technology·JournalJournal of Political Economy·DateDec 18, 2024

New AI tool generates realistic satellite images of future flooding

A new AI tool generates realistic satellite images of future flooding, which can help communities visualize and prepare for approaching storms. The method combines a generative artificial intelligence model with a physics-based flood model, producing more accurate and realistic images than an AI-only approach.

SourceMassachusetts Institute of Technology·JournalIEEE Transactions on Geoscience and Remote Sensing·DateNov 25, 2024