Demography, growth and robots in advanced and emerging economies

Matteo Lanzafame

No 317124, FEEM Working Papers from Fondazione Eni Enrico Mattei (FEEM)

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.

Keywords: Labor and Human Capital; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 45
Date: 2021-12-18
New Economics Papers: this item is included in nep-age, nep-dem and nep-gro
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Citations: View citations in EconPapers (1)

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https://ageconsearch.umn.edu/record/317124/files/ndl2021-030.pdf (application/pdf)

Related works:
Working Paper: Demography, Growth, and Robots in Advanced and Emerging Economies (2023)
Working Paper: Demography, growth and robots in advanced and emerging economies (2022)
Working Paper: Demography, growth and robots in advanced and emerging economies (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemwp:317124

DOI: 10.22004/ag.econ.317124

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