Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This study investigates how the long-run growth rate of per capita output is determined when automation capital is introduced in final goods production and when the population is declining. The results indicate that even though the population is declining, per capita output can continue to grow at a positive rate depending on condition. Specifically, when the absolute value of the rate of population decline is large, the long-run growth rate of per capita output is positive irrespective the size of the saving rate.