Simulation on long-term correlation between demographic variables and economic growth

Albu, Lucian-Liviu and Diaconescu, Tiberiu (2009): Simulation on long-term correlation between demographic variables and economic growth.

Abstract

Starting from existing literature and recent years studies, several modeling schemes have been developed, which may prove useful to substantiate strategies aimed at achieving a demographic and economic balance between generations. This way, we can obtain simulations from a country or group of countries (European Union, for example) on long and very long term, and then quantify the impact of demographic aging on macroeconomic aggregates, taking into consideration, as a rule, that models are standard macroeconomic models generally balanced on short and medium term, when the population appears as exogenous variable.

• Item Type: MPRA Paper
• Language: English
• Keywords: demographic aging; long-term simulations; loop cybernetics; demoeconomic model; overlapping generation model
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C15 - Statistical Simulation Methods: General; C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics; J - Labor and Demographic Economics > J1 - Demographic Economics > J11 - Demographic Trends, Macroeconomic Effects, and Forecasts

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