TY  - GEN
T1  - The implications of automation for economic growth and the labor share
A1  - Prettner,Klaus
Y1  - 2016/11/03
N2  - We introduce automation into a standard model of capital accumulation and
show that (i) there is the possibility of perpetual growth, even in the absence
of technological progress; (ii) the long-run economic growth rate declines with
population growth, which is consistent with the available empirical evidence; (iii)there is a unique share of savings diverted to automation that maximizes long-run growth; (iv) the labor share declines with automation to an extent that fits to the observed pattern over the last decades.
KW  - Automation
KW  - Wirtschaftliches Wachstum
KW  - Arbeitsteilung
CY  - Hohenheim
PB  - Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
AD  - Garbenstr. 15, 70593 Stuttgart
UR  - http://opus.uni-hohenheim.de/volltexte/2016/1288
ER  -