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Growth with automation capital and declining population

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  • Sasaki, Hiroaki

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.

Suggested Citation

  • Sasaki, Hiroaki, 2023. "Growth with automation capital and declining population," Economics Letters, Elsevier, vol. 222(C).
    • Handle: RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004323
    DOI: 10.1016/j.econlet.2022.110958
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    Cited by:

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    2. Ichiroh DAITOH & Hiroaki SASAKI, 2023. "At the Right Time:Ramsey-Cass-Koopmans Model with Declining Population," Discussion papers e-23-002, Graduate School of Economics , Kyoto University.

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    More about this item

    Keywords

    Growth; Automation technology; Declining population;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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