Automation and demographic change

Arbeitspapier

We analyze the effects of declining population growth on the adoption of automation technology. A standard theoretical framework of the accumulation of traditional physical capital and of automation capital predicts that countries with a lower population growth rate are the ones that innovate and/or adopt new automation technologies faster. We test the theoretical prediction by means of panel data for 60 countries over the time span from 1993 to 2013. Regression estimates provide empirical support for the theoretical prediction and suggest that a 1% increase in population growth is associated with approximately a 2% reduction in the growth rate of robot density. Our results are robust to the inclusion of standard control variables, the use of different estimation methods, the consideration of a dynamic framework with the lagged dependent variable as regressor, and changing the measurement of the stock of robots.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Hohenheim Discussion Papers in Business, Economics and Social Sciences ; No. 05-2017

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Demographic Trends, Macroeconomic Effects, and Forecasts ; Industrialization; Manufacturing and Service Industries; Choice of Technology ; Technological Change: Choices and Consequences; Diffusion Processes ; Economic Growth and Aggregate Productivity: General
• Thema: Automation ; Industrial Robots ; Demographic Change ; Declining Population Growth ; Economic Growth

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Abeliansky, Ana ; Prettner, Klaus
• Ereignis: Veröffentlichung
• (wer): Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
• (wo): Stuttgart
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/155768
• URN: urn:nbn:de:bsz:100-opus-13363
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ