Torben Klarl has published an article in the renowned journal Economics Letters on the topic of economic growth in the context of the progressive automation of production processes. With his co-author Torben Klarl presents a growth model which assumes an irreversibility in the investment decision capital vs. automation capital (robots, 3D printers etc.).

This paper is a valuable contribution to the project Energy Revolution, Digitalization and Labor Markets: The impact on Growth and Distribution of the Diginomics Research Group.

This article is also available as discussion paper #1903 from the series Bremen Papers on Economics& Innovation by the Insitute for economic research and policy (ierp).

Link to the discussion paper: http://elib.suub.uni-bremen.de/edocs/00107733-1.pdf