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

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  • Dr Maja Bacovic

Abstract

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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    File URL: http://www.ersj.eu/repec/ers/papers/07_34_p3.pdf
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    References listed on IDEAS

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    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, Third 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.
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    Cited by:

    1. Tamara Backović & Vesna Karadžić & Sergej Gričar & Štefan Bojnec, 2023. "Montenegrin Stock Exchange Market on a Short-Term Perspective," JRFM, MDPI, vol. 16(7), pages 1-18, June.

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    More about this item

    Keywords

    Aging; Labor market structure; Fiscal policy; Economic Growth;
    All these keywords.

    JEL classification:

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

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