With the rapid development of artificial intelligence (AI) technology, the application of robots is widening and deepening. Due to the fact that robots are capable of machine learning and deep learning, we establish a theoretical model of the production process by considering the difference in learning ability between robots and labor forces, namely the difference in "learning by doing" ability. Based on this, the influence of robots on long-term economic growth is investigated. Our analytical results show that when the learning ability of robots is stronger than human capital, there will be no balanced growth path for the economy, and the economy will eventually show a sustained growth pattern, and the growth rate of capital per capita, output per capita and robot per capita will keep growing. However, more robots are not always better. There is an optimal robot investment ratio to maximize the long-term growth rate of output per capita. Managers should not only increase investments in robots. How to improve the learning ability of robots is also of great importance.


    Zugriff

    Download


    Exportieren, teilen und zitieren



    Titel :

    The Effects of Robots on the Long-Run Economic Growth


    Beteiligte:
    Liu, Jun (Autor:in) / Ren, Long (Autor:in) / Chu*, Xiang (Autor:in) / Gong, Daqing (Autor:in)

    Erscheinungsdatum :

    2020-01-01


    Anmerkungen:

    Tehnički vjesnik ; ISSN 1330-3651 (Print) ; ISSN 1848-6339 (Online) ; Volume 27 ; Issue 1


    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch



    Klassifikation :

    DDC:    629



    Robots For Economic Development

    Calì, Massimiliano / Presidente, Giorgio | BASE | 2021

    Freier Zugriff

    Robots For Economic Development

    Calì, Massimiliano / Presidente, Giorgio | BASE | 2021

    Freier Zugriff

    Liability for robots II: An economic analysis

    Guerra, Alice / Parisi, Francesco / Pi, Daniel | BASE | 2021

    Freier Zugriff


    Robotization in Japan - Socio-economic Impacts by Industrial Robots

    Yonemoto,K. / Japan Industrial Robot Association,JP | Kraftfahrwesen | 1985