The Impact of Migration on Lithuanian Economy in an Ageing Society Context

Gindra Kasnauskiene (gindra.kasnauskiene@ef.vu.lt) and Loreta Vebraite (loreta.vebraite@gmail.com)
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Gindra Kasnauskiene: Vilnius university
Loreta Vebraite: Vilnius university

No 802257, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Because of rapid population ageing Lithuania possesses new economic and social challenges. One of these challenges is the shortage of labour force in the future, which will have a negative impact on the country?s economy. Thus, in this paper the study on impact of one of the significant factors of population ageing - migration - on the economy of Lithuania is conducted. Using a system of variables of net migration, gross domestic product, wage and unemployment rate a structural vector error correction model is developed. The paper also claims that, there is urgent need to implement effective policy means in order to maximize the migration related opportunities and minimize the costs. In addition, while migration can contribute to the growth of Lithuanian economy, it cannot provide by itself a solution to the demographic problems and budgetary implications of an ageing population.

Keywords: population migration; population ageing; structural vector error correction model; economic impact; migration policy (search for similar items in EconPapers)
JEL-codes: J11 J61 O15 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-10
New Economics Papers: this item is included in nep-age and nep-tra
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Published in Proceedings of the Proceedings of the 13th International Academic Conference, Antibes, Oct 2014, pages 181-193

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