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Simulation on long-term correlation between demographic variables and economic growth

Author

Listed:
  • Albu, Lucian-Liviu
  • Diaconescu, Tiberiu

Abstract

Starting from existing literature and recent years studies, several modeling schemes have been developed, which may prove useful to substantiate strategies aimed at achieving a demographic and economic balance between generations. This way, we can obtain simulations from a country or group of countries (European Union, for example) on long and very long term, and then quantify the impact of demographic aging on macroeconomic aggregates, taking into consideration, as a rule, that models are standard macroeconomic models generally balanced on short and medium term, when the population appears as exogenous variable.

Suggested Citation

  • Albu, Lucian-Liviu & Diaconescu, Tiberiu, 2009. "Simulation on long-term correlation between demographic variables and economic growth," MPRA Paper 33003, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33003
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    File URL: https://mpra.ub.uni-muenchen.de/33003/4/MPRA_paper_33003.pdf
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    References listed on IDEAS

    as
    1. Erik Canton & Bert Minne & Ate Nieuwenhuis & Bert Smid & Marc van der Steeg, 2005. "Human capital, R&D, and competition in macroeconomic analysis," CPB Document 91, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Albu, Lucian Liviu, 2008. "Strain and Inflation-Unemployment Relationship in Transitional Economies: A theoretical and empirical investigation," Working Papers of Institute for Economic Forecasting 081103, Institute for Economic Forecasting.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Florian Guramulta, 2018. "Improving the Efficiency of Economic Activity in the Context of Migration," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 27(1), pages 30-37, December.

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    More about this item

    Keywords

    demographic aging; long-term simulations; loop cybernetics; demoeconomic model; overlapping generation model;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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