The implications of automation for economic growth when investment decisions are irreversible

DOI10.1016/J.ECONLET.2019.108757MaRDI QIDQ2292749zbMATH OpenOpenAlexFDO

Authors Jürgen Antony, Torben Klarl

Publication date 5 February 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://media.suub.uni-bremen.de/handle/elib/3572

zbMATH Keywords

automationirreversibility of investment decisionsperpetual economic growth

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• Workers, Machines, and Economic Growth
• Growth with automation capital and declining population
• Capital-augmenting technical change in the context of untapped automation opportunities
• Irreversibility, uncertainty and growth
• Irreversible investment with uncertainty and scale economies

Cites work

• Equilibrium dynamics in the one-sector endogenous growth model with physical and human capital
• Equilibrium dynamics in two-sector models of endogenous growth

Cited in

(5)

• Looking ahead at the effects of automation in an economy with matching frictions
• Labor‐eliminating technical change in a developing economy
• Capital-augmenting technical change in the context of untapped automation opportunities
• Analyzing the Relationship Among Aging Society, Investment in Artificial Intelligence and Economic Growth
• Growth with automation capital and declining population

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