Munich Personal RePEc Archive

Growth with Automation Capital and Declining Population

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

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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.

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