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Long-Term Correlations Between Demographic Variables And Economic Growth

Author

Listed:
  • Lucian Liviu Albu

    (Institute for Economic Forecasting)

  • Tiberiu Diaconescu

    (Institute for Economic Forecasting)

Abstract

Starting from existing literature and some our recent studies, we developed several modelling schemes that could be useful to improve the strategies oriented to achieve a demographic and economic balance between generations. In this way, we can obtain simulations from a country or group of countries (European Union, for example) on long term and quantify the impact of demographic aging on macroeconomic aggregates, taking into account that usually standard macroeconomic models are general equilibrium models only on short and medium term and the population is considered as an exogenous variable.

Suggested Citation

  • Lucian Liviu Albu & Tiberiu Diaconescu, 2009. "Long-Term Correlations Between Demographic Variables And Economic Growth," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 4(4), pages 5-28, december.
    • Handle: RePEc:blg:journl:v:4:y:2009:i:4:p:5-28
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/441albu&diaconescu.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," Economics Working Papers 038, European Network of Economic Policy Research Institutes.
    2. 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.
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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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