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Ageing and its Macroeconomic Implications in Japan

Author

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  • Abe, Naohito
  • 阿部, 修人
  • アベ, ナオヒト

Abstract

This paper conducts several simulations to illustrate economic growth and consumption behavior of Japanese economy where ageing and decline of population are progressing rapidly. Special attention is paid to an increase in medical expenditures and a decline of the ratio of labor forces to total population. Simulation results suggest the ongoing ageing does not have significant effects on macroeconomy compared with those of the technological progress, which shows a sharp contrast with the results of the existing literature.

Suggested Citation

  • Abe, Naohito & 阿部, 修人 & アベ, ナオヒト, 2001. "Ageing and its Macroeconomic Implications in Japan," CEI Working Paper Series 2001-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hitcei:2001-7
    Note: May 25th 2001
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/13973/wp2001-7.pdf
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    Cited by:

    1. George Filis & Ioannis Chatziantoniou, 2014. "Financial and monetary policy responses to oil price shocks: evidence from oil-importing and oil-exporting countries," Review of Quantitative Finance and Accounting, Springer, vol. 42(4), pages 709-729, May.
    2. Naser, Hanan, 2015. "Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies," Energy, Elsevier, vol. 89(C), pages 421-434.
    3. Andrzej Geise & Mariola Pilatowska, 2013. "Synchronization of Crude Oil Prices Cycle and Business Cycle for the Central Eastern European Economies," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 13, pages 175-194.

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