Growth with Automation Capital and Declining Population

Sasaki, Hiroaki (2022): Growth with Automation Capital and Declining Population.

Abstract

This study investigates how the long-run growth rate of per capita output is determined when automation capital is introduced in final goods production and when the population is declining. The results indicate that even though the population is declining, per capita output can continue to grow at a positive rate depending on condition.

• Item Type: MPRA Paper
• Language: English
• Keywords: growth; automation technology; declining population
• Subjects: J - Labor and Demographic Economics > J1 - Demographic Economics > J11 - Demographic Trends, Macroeconomic Effects, and Forecasts; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models

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