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Influence Of Demographic Changes On Macroeconomic Trends

Author

Listed:
  • Zoran Miletić

    (Sveučilište u Splitu, Split, Hrvatska)

Abstract

Demographic changes will lead to important changes in the size and age structure of the population of the world, with emphasis on OECD countries, which will significantly influence the world economy. The paper attempts to show the changes in demographic variables over time and analyse their influence on macroeconomic variables such as GDP per capita, current account of balance of payments, savings and investments, as well as on the fiscal policy variables such as the budget balance, income and expenditure. Based on empirical facts – especially as regards inflation – the paper discusses its influence on macroeconomic policy, including the monetary policy. Demographic changes act as one of the most important determinants of economic and social trends, therefore it is not surprising that there is great interest in researching their influence on macroeconomic results.

Suggested Citation

  • Zoran Miletić, 2018. "Influence Of Demographic Changes On Macroeconomic Trends," Poslovna izvrsnost/Business Excellence, Faculty of Economics and Business, University of Zagreb, vol. 12(2), pages 139-164.
    • Handle: RePEc:zag:busexc:v:12:y:2018:i:2:p:139-164
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