Demographic Dynamics and the Empirics of Economic Growth
AbstractThis paper examines the effects of demographic dynamics on the measured rates of economic growth. It develops a model of production with labor productivity that varies with age. Macroeconomic and demographic data are used to estimate the relative productivity of different age groups. A panel database of effective labor supply is constructed in order to reflect the changing age structure of the population. The historical measured growth rates are then deconstructed into effects of demographic dynamics and into "real" growth rates, net of demographic effects.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 42 (1995)
Issue (Month): 2 (June)
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Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Find related papers by JEL classification:
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
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- Rafael Gómez & Pablo Hernández de Cos, 2006. "The importance of being mature: the effect of demographic maturation on global per-capita income," Banco de EspaÃÂ±a Occasional Papers 0604, Banco de EspaÃ±a.
- Persson, Joakim, 1999. "Demographic and Per Capita Income Dynamics: A Convergence Study on Demographics, Human Capital, and Per Capita Income for the US States," Working Paper Series 156, Trade Union Institute for Economic Research.
- Misbah Tanveer Choudhry, 2013. "Age Dependency and Labor Productivity Divergence," Quaderni del Dipartimento di Economia, Finanza e Statistica 113/2013, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
- Persson, Joakim & Malmberg, Bo, 1997. "Human Capital, Demographics, and Growth across the US States 1920-1990," Seminar Papers 619, Stockholm University, Institute for International Economic Studies.
- James Feyrer, 2009.
"The US Productivity Slowdown, the Baby Boom, and Management Quality,"
NBER Working Papers
15474, National Bureau of Economic Research, Inc.
- James Feyrer, 2011. "The US productivity slowdown, the baby boom, and management quality," Journal of Population Economics, Springer, vol. 24(1), pages 267-284, January.
- Rafael Gómez & Pablo Hernández de Cos, 2006.
"The importance of being mature - the effect of demographic maturation on global per-capita GDP,"
Working Paper Series
670, European Central Bank.
- Rafael Gómez & Pablo Hernández de Cos, 2008. "The importance of being mature: the effect of demographic maturation on global per capita GDP," Journal of Population Economics, Springer, vol. 21(3), pages 589-608, July.
- Sadik, Ali T. & Bolbol, Ali A., 2001. "Capital Flows, FDI, and Technology Spillovers: Evidence from Arab Countries," World Development, Elsevier, vol. 29(12), pages 2111-2125, December.
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