Potential Impact of 3D Printing on Gig Economy

L. C. Raghavan, Sumathi Chakravarthy, Sindhu Bharathi Mandharachalam and Badri Narayanan Gopalakrishnan ()
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L. C. Raghavan: Infinite-Sum Modeling Inc.
Sumathi Chakravarthy: Infinite-Sum Modeling Inc.
Sindhu Bharathi Mandharachalam: Infinite-Sum Modeling Inc.
Badri Narayanan Gopalakrishnan: Infinite-Sum Modeling Inc.

A chapter in Sustainability in the Gig Economy, 2022, pp 257-265 from Springer

Abstract: Abstract The expanding scope and scale of 3D printing technology and additive manufacturing techniques are anticipated to revolutionize manufacturing in a gig economy as they have a greater potential to bring about productivity enhancements at low costs. The paper aims to study and present the overall impact of 3D printing on employment, GDP, trade, and investments in India using Computable General Equilibrium models. Empirical analysis reveals that there would be significant savings in terms of cost and lead times for aerospace manufacturing and automotive industries. The study uses Global Trade Analysis Project (GTAP) database for analysis, and the results are analyzed at an adoption rate of 10%. The model predicts that there might be a 2.38% increase in employment and that the GDP of the country might endure an increase of 1.26%. The sectoral analysis reveals that the output of the automotive industries, aerospace applications, manufacturing sectors, metal products manufacturing, public administration and defense, construction, education, training, transportation sector will experience an increase while agricultural and food processing sectors endure a decline.

Keywords: 3D printing; Society; GTAP; CGE; Employment (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8406-7_19

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DOI: 10.1007/978-981-16-8406-7_19

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