FEEM working papers "Note di lavoro"
2021.30
Date: 01/12/2021

Demography, growth and robots in advanced and emerging economies


Authors:

Matteo Lanzafame (Asian Development Bank)

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

Abstract

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

Download file
Download file
Demography, growth and robots in advanced and emerging economies

FEEM Newsletter & Update

Subscribe to stay connected.

Your data will be processed by FEEM - Eni Enrico Mattei Foundation - Data Controller - to receive the Foundation's Newsletter & Update via e-mail. To send the requested information, the Data Controller uses e-mail sending service providers established in the U.S.A .: for this, your consent to the transfer of your email address to the U.S.A. is required, without which it will not be possible to comply with your request. We invite you to consult the complete information to obtain detailed information to protect your rights.