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Demography and Productivity in the Italian Manufacturing Industry: Yesterday and Today

Carlo Ciccarelli (), Matteo Gomellini () and Paolo Sestito

No 457, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: Population ageing and lack of productivity growth characterize most western countries. We focus on Italy and investigate whether the availability of a young population represents a determinant of manufacturing productivity growth. We follow a historical comparative analysis and provide evidence of the strength of this relation in the past (1861-1911) and today (1961-2011). To account for the sizeable regional heterogeneity characterizing historically the country we use data disaggregated at the provincial level. Our analysis suggests that the availability of a young population represents indeed one of the determinant of manufacturing productivity growth. The strength of the relation was higher in the past than today, but ageing is still nevertheless a factor that cannot be neglected from a policy perspective.

Keywords: manufacturing; productivity; population ageing; Italy. (search for similar items in EconPapers)
JEL-codes: O14 J11 N33 N93 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eff, nep-his and nep-lab
Date: 2019-05-16, Revised 2019-05-16
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