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

  • Dr Maja Bacovic
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    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.

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    File URL: http://www.ersj.eu/repec/ers/papers/07_34_p3.pdf
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    Article provided by European Research Studies Journal in its journal European Research Studies Journal.

    Volume (Year): X (2007)
    Issue (Month): 3-4 ()
    Pages: 31-44

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    Handle: RePEc:ers:journl:v:x:y:2007:i:3-4:p:31-44
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    1. Rowland, Donald T., 2003. "Demographic Methods and Concepts," OUP Catalogue, Oxford University Press, number 9780198752639, March.
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