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Evolution of recent economic-demographic modeling: A synthesis.
- Source :
- Journal of Population Economics; Jun2005, Vol. 18 Issue 2, p275-300, 26p, 4 Charts
- Publication Year :
- 2005
-
Abstract
- This paper develops a flexible framework for modeling population's role in economic growth by assessing and extending a rendering suggested by several Harvard economists. Our framework includes a ``productivity'' model explaining output-per-worker growth and a ``translation'' model translating that growth into per-capita terms. We specify a core economic model and several ``enriched'' demographic variants that include dependency, size, and density. Regressions using a cross-country panel spanning the period 1960-1995 reveal that combined impacts of demographic change have accounted for approximately 20% of per capita output growth impacts, with larger shares in Asia and Europe. [ABSTRACT FROM AUTHOR]
- Subjects :
- ECONOMIC models
DEMOGRAPHY
POPULATION
ECONOMIC development
LABOR productivity
Subjects
Details
- Language :
- English
- ISSN :
- 09331433
- Volume :
- 18
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Journal of Population Economics
- Publication Type :
- Academic Journal
- Accession number :
- 18385030
- Full Text :
- https://doi.org/10.1007/s00148-005-0222-9