https://macropaperwarehouse.com/authors/masakatsu-nakamura/Masakatsu NakamuraHugo -- gohugo.ioen-usThu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/the-macroeconomics-of-automation/Thu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/the-macroeconomics-of-automation/<p>This paper asks a foundational question: can the economy-wide degree of automation be measured coherently from standard macroeconomic data, without relying on technology-specific proxies such as robot counts or AI investment surveys? Existing micro-level proxies are fragmented across technologies and difficult to aggregate, leaving it unclear how automation evolves at the macro level or how it relates to capital deepening, factor shares, and productivity growth. The authors, Hideki Nakamura, Masakatsu Nakamura, and Shota Moriwaki, address this by developing a task-based general equilibrium framework in which the aggregate degree of automation emerges endogenously and is fully identified from observable macroeconomic aggregates.</p>