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Demography, Growth, and Robots in Advanced and Emerging Economies

Author

Listed:
  • ANTONIO FRANCESCO GRAVINA

    (Department of Law, University of Palermo, Palermo, Italy)

  • MATTEO LANZAFAME

    (Economic Research and Development Impact Department, Asian Development Bank, Metro Manila, Philippines)

Abstract

This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data during 1961–2018 for a panel of 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 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.

Suggested Citation

  • Antonio Francesco Gravina & Matteo Lanzafame, 2024. "Demography, Growth, and Robots in Advanced and Emerging Economies," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 41(02), pages 31-56, September.
    • Handle: RePEc:wsi:adrxxx:v:41:y:2024:i:02:n:s0116110524400122
    DOI: 10.1142/S0116110524400122
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    Cited by:

    1. Yin, Zi Hui & Zeng, Wei Ping, 2023. "The effects of industrial intelligence on China's energy intensity: The role of technology absorptive capacity," Technological Forecasting and Social Change, Elsevier, vol. 191(C).

    More about this item

    Keywords

    demographic change; labor productivity; robots;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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