The Global Macroeconomic Consequences of a Demographic Transition
AbstractThe world is in the midst of a significant demographic transition with potential implications for the macroeconomic performance of the global economy. This paper summarizes the key features of current and projected demographic change. It then applies a new 10-region global model (an extended version of the MSG-Cubed model) incorporating demographic dynamics, to examine the consequences of projected global demographic change on the world economy from 2005 to 2050. A distinction is made between the effects on each country of its own demographic transition and the effects on each country of demographic changes occurring in the rest of the world. (c) 2006 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by MIT Press in its journal Asian Economic Papers.
Volume (Year): 5 (2006)
Issue (Month): 1 (January)
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Other versions of this item:
- Warwick J. McKibbin, 2005. "The Global Macroeconomic Consequences Of A Demographic Transition," CAMA Working Papers 2006-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
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