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Simulation on long-term correlation between demographic variables and economic growth

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  • Albu, Lucian-Liviu
  • Diaconescu, Tiberiu

Abstract

Starting from existing literature and recent years studies, several modeling schemes have been developed, which may prove useful to substantiate strategies aimed at achieving a demographic and economic balance between generations. This way, we can obtain simulations from a country or group of countries (European Union, for example) on long and very long term, and then quantify the impact of demographic aging on macroeconomic aggregates, taking into consideration, as a rule, that models are standard macroeconomic models generally balanced on short and medium term, when the population appears as exogenous variable.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33003.

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Date of creation: 05 May 2009
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Handle: RePEc:pra:mprapa:33003

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Related research

Keywords: demographic aging; long-term simulations; loop cybernetics; demoeconomic model; overlapping generation model;

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  1. Albu, Lucian Liviu, 2008. "Strain and Inflation-Unemployment Relationship in Transitional Economies: A theoretical and empirical investigation," Working Papers of Institute for Economic Forecasting 081103, Institute for Economic Forecasting.
  2. Erik Canton & Bert Minne & Ate Nieuwenhuis & Bert Smid & Marc van der Steeg, 2005. "Human capital, R&D, and competition in macroeconomic analysis," CPB Document 91, CPB Netherlands Bureau for Economic Policy Analysis.
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