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On the Macroeconomic and Financial Implications of the Demographic Transition

In: Asymmetric Demography and the Global Economy

Author

Listed:
  • José María Fanelli
  • Ramiro Albrieu

Abstract

In this chapter we examine a set of problems concerning the interactions between the demographic transition and the macroeconomy in emerging countries that are particularly relevant to the issues discussed in the book. Analytically, the study is founded on the concepts, methodologies, and problems discussed in the previous chapter and, empirically, it is based on the UN population projections ( http://esa.un.org /unpd/wpp/index.htm) and NTA demographic data on expenditure and income age-profiles ( www.ntaccounts.org ) corresponding to four G-20 emerging countries: Brazil, China, India, and South Africa. To enrich the comparative perspective we will frequently refer to the experience of Korea as standard of comparison. Korea is a good standard because the country succeeded in accelerating growth during the period in which the demographic window of opportunity (DW) was open.

Suggested Citation

  • José María Fanelli & Ramiro Albrieu, 2015. "On the Macroeconomic and Financial Implications of the Demographic Transition," Palgrave Macmillan Books, in: José María Fanelli (ed.), Asymmetric Demography and the Global Economy, chapter 0, pages 85-106, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-48143-6_4
    DOI: 10.1057/9781137481436_4
    as

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