Growth with automation capital and declining population

Hiroaki Sasaki

Economics Letters, 2023, vol. 222, issue C

Abstract: This study investigates how the long-run growth rate of per capita output is determined when automation capital is introduced in final goods production and when the population is declining. The results indicate that even though the population is declining, per capita output can continue to grow at a positive rate depending on condition. Specifically, when the absolute value of the rate of population decline is large, the long-run growth rate of per capita output is positive irrespective the size of the saving rate.

Keywords: Growth; Automation technology; Declining population (search for similar items in EconPapers)
JEL-codes: J11 O33 O41 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Working Paper: Growth with Automation Capital and Declining Population (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004323

DOI: 10.1016/j.econlet.2022.110958

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