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Automation, economic growth, and the labor share - a comment on Prettner (2019)
Heer, Burkhard; Irmen, Andreas - 2019 - This Version: June 24, 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …
Persistent link: https://www.econbiz.de/10012031062
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Rise of the machines redux : education, technological transition and long-run growth
Rahman, Ahmed S. - 2017
Persistent link: https://www.econbiz.de/10011762701
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Endogenous sector-biased technical change and perpetual and transient structural change
Zhang, Pengfei - In: Journal of economics 123 (2018) 3, pp. 195-223
Persistent link: https://www.econbiz.de/10011857674
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A note on the implications of automation for economic growth and the labor share
Prettner, Klaus - In: Macroeconomic dynamics 23 (2019) 3, pp. 1294-1301
Persistent link: https://www.econbiz.de/10012126890
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Structural change in investment and consumption : a unified analysis
Herrendorf, Berthold; Rogerson, Richard Donald; … - In: The review of economic studies : RES 88 (2021) 3, pp. 1311-1346
Persistent link: https://www.econbiz.de/10012546268
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Economic growth and factor substitution with elastic labor supply
Gómez, Manuel A. - In: Mathematical social sciences 94 (2018), pp. 49-57
Persistent link: https://www.econbiz.de/10012130771
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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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Aspects of growth, structural change, and employment, a Schumpeterian perspective
Giersch, Herbert - 1979
Persistent link: https://www.econbiz.de/10013260467
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The implications of automation for economic growth and the labor share of income
Prettner, Klaus - 2016
We introduce automation into the standard Solovian model of capital accumulation and show that (i) there is the … diverted to automation that maximizes the long-run growth rate of the economy; (iv) the labor share declines with automation to …
Persistent link: https://www.econbiz.de/10011458839
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The implications of automation for economic growth and the labor share
Prettner, Klaus - 2016
We introduce automation into a standard model of capital accumulation and show that (i) there is the possibility of … automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed …
Persistent link: https://www.econbiz.de/10011555095