Automation and Growth Patterns in an Open Economy

Shohei Momoda (), Takayuki Ogawa () and Ryosuke Shimizu ()
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Shohei Momoda: Hiroshima University
Takayuki Ogawa: Osaka University
Ryosuke Shimizu: Ehime University

No 1109, KIER Working Papers from Kyoto University, Institute of Economic Research

Abstract: Recent data suggest that countries with a higher accumulation of robots achieve higher economic growth. This study analyzes the international growth patterns in a two-country economy with task-based automation technology. We show that whenever one country can achieve perpetual growth by fully automating all tasks, another country can not. Thus, automation widens the international disparities in output growth. Using panel data covering 62 countries from 1994 to 2019, we empirically find that countries with more industrial robots are associated with higher economic growth through the increased accumulation of robots.

Keywords: Automation; Growth patterns; International trade. (search for similar items in EconPapers)
JEL-codes: F43 F62 O33 (search for similar items in EconPapers)
Pages: 66 pages
Date: 2024-12
New Economics Papers: this item is included in nep-gro, nep-int, nep-opm and nep-tid
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