Working Group Economics, esp. Macroeconomics

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

Torben Klarl has published a paper about the response of CO₂ emissions to the business cycle in the leading scientific journal for energy economics, Energy Economics. Using a rolling-regression approach and a Regime-Switching model the author finds evidence for a regime-dependent emission elasticity in the U.S.. This contribution provides important information for the estimation and calibration of so-called dynamic general equilibrium models in an environmental context, so-called environmental DSGE models.

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 #1902 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/00107732-1.pdf