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

DOI10.1016/J.ECONLET.2019.108757zbMATH Open1429.91207OpenAlexW2981888551MaRDI QIDQ2292749FDOQ2292749

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

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

zbMATH Keywords

automationirreversibility of investment decisionsperpetual economic growth

Mathematics Subject Classification ID

Economic growth models (91B62)

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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