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    The economic impact of demographic structure in OECD countries

    Aksoy, Yunus and Grasl, Tobias and Smith, Ron P. (2012) The economic impact of demographic structure in OECD countries. Working Paper. Birkbeck College, University of London, London, UK.

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    Abstract

    We examine the impact of demographic structure, the proportion of the population in each age group, on growth, savings, investment, hours, interest rates and inflation using a panel VAR estimated from data for 20 OECD economies, mainly for the period 1970-2007. This flexible dynamic structure with interactions among the main macroeconomic variables allows us to estimate long-run effects of demographic structure on the individual countries. Our estimates confirm the importance of these effects.

    Metadata

    Item Type: Monograph (Working Paper)
    Keyword(s) / Subject(s): demographic changes, macroeconomic variables, business cycle
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 11 Jan 2013 11:30
    Last Modified: 06 Dec 2016 14:49
    URI: http://eprints.bbk.ac.uk/id/eprint/5947

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