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

By Lucian-Liviu Albu and Tiberiu Diaconescu


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.

Topics: C13 - Estimation: General, C15 - Statistical Simulation Methods: General, C01 - Econometrics, J11 - Demographic Trends, Macroeconomic Effects, and Forecasts
Year: 2009
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