Automation and its Macroeconomic Consequences: Theory, Evidence, and Social Impact

Automation and its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples. Introduces formal growth models that include automation and the empirical specifications on which the data-driven results relyFocuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusionsConsiders consequences of automation, such as spatial patterns, urbanization and regional concerns INDICE: 1. Introduction2. Stylized Facts to be Explained3. Empirical Evidence about the Economic Effects of Automation4. A Baseline Macroeconomic Model for the Age of Automation5. Extensions of the Baseline Model6.Automation as a Potential Solution to the Challenges of Demographic Change7. Political Challenges8. The Way into the Future: Long-Run Economic and Social Consequences of Automation

• ISBN: 978-0-12-818028-0
• Editorial: Academic Press
• Encuadernacion: Rústica
• Páginas: 250
• Fecha Publicación: 01/06/2020
• Nº Volúmenes: 1
• Idioma: Inglés