Past Automation and Future A.I.: How Weak Links Tame the Growth Explosion

2026

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This paper analyzes the historical impact of automation on economic growth and projects the future implications of AI, highlighting how "weak links" in production constrain growth.

* Examines the role of automation in past economic growth using a task-based model.
* Develops an endogenous growth model to forecast the effects of AI on future growth.
* Identifies "weak links" (low elasticity of substitution among tasks) as a key constraint on growth acceleration.

Automation, AI, Economic Growth, Weak Links, Task-Based Model

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