Technical Progress, Structural Change, and Robotisation: Insights from the Growth Patterns of the “Visegrádµ Countries

Fabiano Compagnucci, Andrea Gentili, Enzo Valentini and Mauro Gallegati

Economia & lavoro, 2020, issue 1, 13-29

Abstract: This paper is aimed at providing empiricalevidence about the structural change andthe effect of the robotisation process thatare affecting the economies of the so-called“Visegrád countriesµ, a group of former EasternBloc countries that have recently experienced aremarkable economic growth. The study is basedon descriptive statistics that are theoreticallybased on the structural change approach and onthe extended crisis theory. Data are drawn fromthe OECD STructural ANalysis database (STAN)and from the International Federation of Robotics(IFR) database. Preliminary results suggest thatthe Visegrád countries are following a virtuousgrowth path based on hi-tech manufacturing andknowledge intensive services (KIS) that benefitsfrom the proximity with Germany. At the sametime, this relationship could represent a limit inthe short run, since Germany has recently entereda stagnation phase. A further potential limit couldarise from the specialisation of most Visegrádcountries in the automotive sector, which is oneof the economic sectors whose workforce is moreexposed to risk of substitution with machines.The article concludes by suggesting that thecurrent transition phase should be supported bytargeted public policies, considering the positiveexternalities they could provide.

Keywords: structural change; technical progress; robotisation; Visegrád countries. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:caq:j950ix:doi:10.7384/97663:y:2020:i:1:p:13-29

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