Demography, Growth, and Robots in Advanced and Emerging Economies

Antonio Francesco Gravina () and Matteo Lanzafame
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Antonio Francesco Gravina: University of Palermo

No 701, ADB Economics Working Paper Series from Asian Development Bank

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 of 90 advanced and emerging economies. We find that increases in both the young and old population shares have significant 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 aging 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 of unfavorable demographic change—in particular, population aging—on labor productivity growth.

Keywords: demographic change; labor productivity; robots (search for similar items in EconPapers)
JEL-codes: C33 J11 O40 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2023-11-09
New Economics Papers: this item is included in nep-age, nep-dem, nep-eff, nep-gro, nep-lab and nep-tid
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https://www.adb.org/publications/demography-growth ... d-emerging-economies Full text (text/html)

Related works:
Working Paper: Demography, growth and robots in advanced and emerging economies (2022)
Working Paper: Demography, growth and robots in advanced and emerging economies (2021)
Working Paper: Demography, growth and robots in advanced and emerging economies (2021)
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