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

34 Pages Posted: 16 May 2019

See all articles by Carlo Ciccarelli

Carlo Ciccarelli

University of Rome Tor Vergata - Faculty of Economics

Matteo Gomellini

Bank of Italy

Paolo Sestito

Bank of Italy

Date Written: May 10, 2019

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

JEL Classification: O14, J11, N33, N93

Suggested Citation

Ciccarelli, Carlo and Gomellini, Matteo and Sestito, Paolo, Demography and Productivity in the Italian Manufacturing Industry: Yesterday and Today (May 10, 2019). CEIS Working Paper No. 457. Available at SSRN: https://ssrn.com/abstract=3386268 or http://dx.doi.org/10.2139/ssrn.3386268

Carlo Ciccarelli (Contact Author)

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia n.2
Rome, rome 00100
Italy

Matteo Gomellini

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Paolo Sestito

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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