publ-mit-podpubl-mit-podPrettner, Klaus2024-04-082024-04-082016-11-032016https://hohpublica.uni-hohenheim.de/handle/123456789/6088We 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.engAutomationRobotsMachine learningPerpetual economic growthDeclining labor shareInequality330AutomationWirtschaftliches WachstumArbeitsteilungWorkingPaper47936057Xurn:nbn:de:bsz:100-opus-12880