FEEM working papers "Note di lavoro"
Date: 01/12/2021

Demography, growth and robots in advanced and emerging economies


Matteo Lanzafame (Asian Development Bank)

JEL n.: C33, J11, O40
Keywords: Demographic Change, Labor Productivity, Robots


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.


Suggested citation: M. Lanzafame (2021), 'Demography, growth and robots in advanced and emerging economis', Nota di Lavoro 30.2021, Milano, Italy: Fondazione Eni Enrico Mattei

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Demography, growth and robots in advanced and emerging economies

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