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Demographic Challenges Facing European Economies in the Age of the Fourth Industrial Revolution

Author

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  • Dimitar Damyanov

    () (University of National and World Economy, Sofia, Bulgaria)

Abstract

Demographic changes are often mentioned as one of the most important and long-lasting trends affecting economic development during the second half of the 20th and the early 21st century. They pose some significant challenges for economic policies, as well as for the individual behaviour of economic agents, especially with the world entering a time of profound technological transformation. This paper reviews the past effects of demographic changes on several aspects of the development of European economies and attempts to make predictions about the future interactions between the two processes.

Suggested Citation

  • Dimitar Damyanov, 2018. "Demographic Challenges Facing European Economies in the Age of the Fourth Industrial Revolution," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 99-110, July.
  • Handle: RePEc:nwe:natrud:y:2018:i:3:p:99-110
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/9987
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    More about this item

    Keywords

    age distribution; technological change; new economy; education and economic development; savings–investment;

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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