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: | School of Business, Economics & Informatics > Economics, Mathematics and Statistics |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for, Innovation Management Research, Birkbeck Centre for |
| Depositing User: | Administrator |
| Date Deposited: | 11 Jan 2013 11:30 |
| Last Modified: | 12 Jan 2023 09:59 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/5947 |
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