Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155784
Authors: 
Gasteiger, Emanuel
Prettner, Klaus
Year of Publication: 
2017
Series/Report no.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences 07-2017
Abstract: 
We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping generations framework.
Subjects: 
automation
robots
investment
stagnation
economic growth
overlapping generations model
JEL: 
J10
J20
O14
O33
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
469.19 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.