The implications of automation for economic growth when investment decisions are irreversible
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DOI: 10.1016/j.econlet.2019.108757
Abstract: This paper discusses automation embedded into a standard growth model without exogenous growth when investment decisions for physical and automation capital are irreversible. The imposed nonnegativity constraints on physical and automation capital induces an imbalance… read more here.
Keywords: growth investment; growth; investment decisions; physical automation ... See more keywords
Institutional Reforms and Their Impact on Economic Growth and Investment in Developing Countries
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DOI: 10.3390/su13094941
Abstract: It is widely accepted that the economic and social system may be more efficient by reforming institutions. Institutional reforms are attempts to change the rules affecting human interactions and these reforms are fundamental for development… read more here.
Keywords: reforms impact; institutional reforms; impact economic; developing countries ... See more keywords