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Demographic Decline, Population Aging, and Modern Financial Approaches to Urban Policy

Author

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  • Gianni Carbonaro
  • Eugenio Leanza
  • Philip McCann
  • Francesca Medda

Abstract

This article discusses the interaction between demographic aging, population decline, and various aspects of the local development challenges facing public authorities. In particular, this article examines some of the financial issues arising from population aging and decline and the ways in which new approaches to public finance are being used in support of European Union regional and urban policy. In this context, it is argued that a comprehensive portfolio investment approach has the potential to significantly improve policy effectiveness.

Suggested Citation

  • Gianni Carbonaro & Eugenio Leanza & Philip McCann & Francesca Medda, 2018. "Demographic Decline, Population Aging, and Modern Financial Approaches to Urban Policy," International Regional Science Review, , vol. 41(2), pages 210-232, March.
    • Handle: RePEc:sae:inrsre:v:41:y:2018:i:2:p:210-232
    DOI: 10.1177/0160017616675916
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    References listed on IDEAS

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    1. Fabrizio Barca & Philip McCann & Andrés Rodríguez‐Pose, 2012. "The Case For Regional Development Intervention: Place‐Based Versus Place‐Neutral Approaches," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 134-152, February.
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    6. Philip McCann, 2015. "The Regional and Urban Policy of the European Union," Books, Edward Elgar Publishing, number 16000.
    7. McCann, Philip, 2013. "Modern Urban and Regional Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199582006.
    8. Alessandra Faggian & Philip McCann & Stephen Sheppard, 2007. "Human Capital, Higher Education and Graduate Migration: An Analysis of Scottish and Welsh Students," Urban Studies, Urban Studies Journal Limited, vol. 44(13), pages 2511-2528, December.
    9. Ian R. Gordon & Philip McCann, 2000. "Industrial Clusters: Complexes, Agglomeration and/or Social Networks?," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 513-532, March.
    10. Alessandra Faggian & Philip McCann, 2006. "Human capital flows and regional knowledge assets: a simultaneous equation approach," Oxford Economic Papers, Oxford University Press, vol. 58(3), pages 475-500, July.
    11. Lewis Dijkstra & Enrique Garcilazo & Philip McCann, 2015. "The effects of the global financial crisis on European regions and cities," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 935-949.
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    4. Papapetrou, Evangelia & Tsalaporta, Pinelopi, 2020. "The impact of population aging in rich countries: What’s the future?," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 77-95.
    5. Ruiying Liu, 2022. "Long-Term Development Perspectives in the Slow Crisis of Shrinkage: Strategies of Coping and Exiting," Sustainability, MDPI, vol. 14(16), pages 1-30, August.
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    7. Jiaxuan E & Bo Xia & Laurie Buys & Tan Yigitcanlar, 2021. "Sustainable Urban Development for Older Australians: Understanding the Formation of Naturally Occurring Retirement Communities in the Greater Brisbane Region," Sustainability, MDPI, vol. 13(17), pages 1-12, September.
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    10. Yaojun Zhang & Danlin Yu & Qiao Cen, 2019. "Investigating China's inter-prefecture migration from a place attractivity perspective, its spatial patterns, and demographic characteristics," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 41(34), pages 1007-1020.
    11. Krystian Heffner & Brygida Klemens & Brygida Solga, 2019. "Challenges of Regional Development in the Context of Population Ageing. Analysis Based on the Example of Opolskie Voivodeship," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    12. Luca Salvati, 2022. "Endogenous Population Dynamics and Metropolitan Cycles: Long-Term Evidence from Athens, an Eternally Mediterranean City," European Journal of Population, Springer;European Association for Population Studies, vol. 38(5), pages 835-860, December.
    13. Kostas Rontos & Enrico Maria Mosconi & Mattia Gianvincenzi & Simona Moretti & Luca Salvati, 2023. "Toward a Spatially Segregated Urban Growth? Austerity, Poverty, and the Demographic Decline of Metropolitan Greece," Data, MDPI, vol. 8(3), pages 1-20, March.
    14. Anna Wichowska, 2021. "Economic Aspects of Shrinking Cities in Poland in the Context of Regional Sustainable Development," Sustainability, MDPI, vol. 13(6), pages 1-12, March.
    15. Leonardo Salvatore Alaimo & Mariateresa Ciommi & Ioannis Vardopoulos & Bogdana Nosova & Luca Salvati, 2022. "The Medium-Term Impact of the COVID-19 Pandemic on Population Dynamics: The Case of Italy," Sustainability, MDPI, vol. 14(21), pages 1-12, October.
    16. Rares Halbac-Cotoara-Zamfir & Gianluca Egidi & Rosanna Salvia & Luca Salvati & Adele Sateriano & Antonio Gimenez-Morera, 2021. "Recession, Local Fertility, and Urban Sustainability: Results of a Quasi-Experiment in Greece, 1991–2018," Sustainability, MDPI, vol. 13(3), pages 1-18, January.
    17. Gianluca Egidi & Luca Salvati, 2021. "Changes over time in the spatial structure of fertility rates as a dynamic indicator of urban transformations," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(1), pages 151-172, February.
    18. Sirio Cividino & Rares Halbac-Cotoara-Zamfir & Luca Salvati, 2020. "Revisiting the “City Life Cycle”: Global Urbanization and Implications for Regional Development," Sustainability, MDPI, vol. 12(3), pages 1-18, February.
    19. Hyoung Jun Kim & Bo Kyeong Lee & So Young Sohn, 2020. "Comparing spatial patterns of sole proprietorship and corporate payday lenders in Seoul, Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(1), pages 215-236, February.
    20. Samaneh Sadat Nickayin & Bogdana Nosova & Rosario Turco & Massimiliano Giacalone & Luca Salvati, 2022. "Demographic Change and the Urban–Rural Divide: Understanding the Role of Density and Agglomeration in Fertility Transitions," Land, MDPI, vol. 11(11), pages 1-16, November.
    21. Rachel S. Franklin, 2021. "The demographic burden of population loss in US cities, 2000–2010," Journal of Geographical Systems, Springer, vol. 23(2), pages 209-230, April.

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