Production Function through Automation in a Task-Based Model

21 Pages Posted: 9 Oct 2019

Date Written: September 27, 2019

Abstract

The aim of this study is to connect two approaches that examine automation. The first uses a task-based model, while the second uses a variant of the canonical constant-elasticity-of-substitution (CES) production function. We employ a task-based model and derive a neoclassical production function through automation. This derivation depends on only one assumption about the arrangement of tasks. Under a trade-off in the efficiency between capital and labor, we also consider a CES production function and relate the elasticity of substitution to automation.

Keywords: Automation; Task-based model; CES production function

JEL Classification: E23; O30, O33.

Suggested Citation

Nakamura, Hideki and Nakamura, Masakatsu, Production Function through Automation in a Task-Based Model (September 27, 2019). Available at SSRN: https://ssrn.com/abstract=3461175 or http://dx.doi.org/10.2139/ssrn.3461175

Hideki Nakamura (Contact Author)

Osaka City University ( email )

3-3-138, Sugimoto
Sumiyoshi-ku
Osaka 558-8585
Japan

Masakatsu Nakamura

Rissho University ( email )

4-2-16
Osaki
Shinagawa, Tokyo 141-8602
Japan

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