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Demographic Changes in transition countries: Opportunity or Obstacle for Economic Growth? Case of Montenegro


  • Dr Maja Bacovic


Demographic changes have aroused considerable anxiety in transition countries, affecting fiscal policy, labor markets, investment and savings behavior. Montenegro faces an aging population, falling fertility rates, low income per capita, low savings rate and a national budget constrained by fiscal deficits, escalating social costs, and foreign debt service problem. Devising a viable solution for the economic and social welfare of current and future generations is critical.

Suggested Citation

  • Dr Maja Bacovic, 2007. "Demographic Changes in transition countries: Opportunity or Obstacle for Economic Growth? Case of Montenegro," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 31-44.
  • Handle: RePEc:ers:journl:v:x:y:2007:i:3-4:p:31-44

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    References listed on IDEAS

    1. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters,in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
    2. Rowland, Donald T., 2003. "Demographic Methods and Concepts," OUP Catalogue, Oxford University Press, number 9780198752639, June.
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    More about this item


    Aging; Labor market structure; Fiscal policy; Economic Growth;

    JEL classification:

    • J - Labor and Demographic Economics
    • O - Economic Development, Innovation, Technological Change, and Growth


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