Arbeitspapier
The implications of automation for economic growth and the labor share of income
We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the possibility of perpetual growth, even in the absence of technological progress; (ii) the long-run economic growth rate declines with population growth, which is consistent with the available empirical evidence; (iii) there is a unique share of savings diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to an extent that fits to the observed pattern.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECON WPS ; No. 04/2016
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Technological Change: Choices and Consequences; Diffusion Processes
One, Two, and Multisector Growth Models
- Thema
-
automation
robots
machine learning
perpetual economic growth
declining labor share
inequality
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Prettner, Klaus
- Ereignis
-
Veröffentlichung
- (wer)
-
Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
- (wo)
-
Vienna
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Prettner, Klaus
- Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
Entstanden
- 2016
Ähnliche Objekte (12)
The implications of automation for economic growth and the labor share
On the possibility of automation-induced stagnation
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Automation, stagnation, and the implications of a robot tax
A note on automation, stagnation, and the implications of a robot tax
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Automation and demographic change
Automation and Demographic Change
Automation and demographic change
Automation and demographic change
The lost race against the machine: Automation, education, and inequality in an R&D-based growth model
The lost race against the machine: Automation, education and inequality in an R&D-based growth model
The implications of automation for economic growth and the labor share
On the possibility of automation-induced stagnation
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Automation, stagnation, and the implications of a robot tax
A note on automation, stagnation, and the implications of a robot tax
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Automation and demographic change
Automation and Demographic Change
Automation and demographic change
Automation and demographic change
The lost race against the machine: Automation, education, and inequality in an R&D-based growth model
The lost race against the machine: Automation, education and inequality in an R&D-based growth model
The implications of automation for economic growth and the labor share
On the possibility of automation-induced stagnation
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Automation, stagnation, and the implications of a robot tax
A note on automation, stagnation, and the implications of a robot tax
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Automation and demographic change
Automation and Demographic Change
Automation and demographic change
Automation and demographic change
The lost race against the machine: Automation, education, and inequality in an R&D-based growth model