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＜紀要論文＞
Subsidy Policy for Automation and Economic Growth
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| 概要 | In recent years, although rapid progress in digital technology has made it easier to automate production processes, it has raised concerns that machines may deprive workers of employment. However, the... effects of automation-oriented policies on economic growth have not been thoroughly studied. This study examines the effect of task automation on economic growth and its policy implications by incorporating a task-based approach into a neoclassical growth model. I find that the aggregate production function becomes asymptotically linear if firms’ cost-minimization behavior determines the number of automated tasks. Consequently, a higher subsidy rate for automation increases the returns on machines (capital) and generates perpetual economic growth. For factor prices, the rental prices of capital and wages converge to constant values along the equilibrium path. In addition, while an increase in the subsidy rate for automation raises the long-term rental price of capital, it does not affect the long-term wage rates.続きを見る |
| 目次 | 1. Introduction 2. The Model 2.1 Households 2.2 Production 2.3 Government Budget Constraint 3. Equilibrium Path of the Economy 4. Concluding Remarks |
本文ファイル
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1.87 MB | 219 |
詳細
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| 登録日 | 2025.04.10 |
| 更新日 | 2025.04.10 |