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Population-ageing, structural change and productivity growth

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Author Info

  • Stijepic, Denis
  • Wagner, Helmut

Abstract

Population-ageing is one of the traditional topics of development and growth theory and a key challenge to most modern societies. We focus on the following aspect: Population-ageing is associated with changes in demand-structure, since demand-patterns change with increasing age. This process induces structural changes (factor-reallocations across technologically heterogeneous sectors) and, thus, has impacts on average productivity growth. We provide a neoclassical multi-sector growth-model for analyzing these aspects and elaborate potential policy-impact channels. We show that ageing has permanent and complex/multifaceted impacts on the growth rate of the economy and could, therefore, be an important determinant of long-run GDP-growth.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37005.

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Date of creation: 15 Feb 2009
Date of revision: 29 Feb 2012
Handle: RePEc:pra:mprapa:37005

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Related research

Keywords: population-ageing; demand shifts; reallocation of factors; cross-sector technology-disparity; GDP-growth; multi-sector growth models; neoclassical growth models; structural change;

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References

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Cited by:
  1. Stijepic, Denis & Wagner, Helmut, 2009. "Kuznets-Kaldor-puzzle, neutral structural change and independent preferences and technologies," MPRA Paper 37162, University Library of Munich, Germany, revised 07 Mar 2012.

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