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Technological progress and globalization foster relocation and automation of business processes.Especially financial … particular since the two strategies – relocation and automation – result intodifferent risk profiles. In this paper, we analyze … labor costs andtransaction volumes influence the decision. As shifting tasks to other locations or their automation …
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-related aspects. Labor market pressures are felt around the globe, and robots and automation increasingly become reality. However …
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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 …
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