Demography, growth and robots in advanced and emerging economies

Arbeitspapier

This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel f 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on labor productivity growth, working via various channels – including physical and human capital accumulation. Splitting the analysis for advanced and emerging economies shows that population ageing has a greater effect on emerging economies than on advanced economies. Extending the benchmark model to include a proxy for the robotization of production, we find evidence indicating that automation reduces the negative effects unfavorable demographic change – in particular, population aging-on labor productivity.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 030.2021

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Demographic Trends, Macroeconomic Effects, and Forecasts ; Economic Growth and Aggregate Productivity: General
• Subject: Demographic Change ; Labor Productivity ; Robots

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lanzafame, Matteo
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2021

Further information

• Handle: http://hdl.handle.net/10419/249965
• Last update: 10.03.2025, 11:45 AM CET