Contribution of increased life expectancy to economic growth: evidence from CEE countries

Gindrute Kasnauskiene () and Karol Michnevich ()
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Gindrute Kasnauskiene: Vilnius university
Karol Michnevich: Vilnius university

No 5807776, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Population ageing in a backdrop of growing average life expectancy can be seen in many advanced economies, but the rapid pace of these demographic changes in Central and Eastern Europe (CEE) makes it a pressing matter for the region. We investigate these two phenomenon and compare results with prior research to determine their separate and combined effect on output growth in a panel regression model using Eurostat data for the period 1996 to 2013. Our findings point to both life expectancy and population ageing exerting a statistically significant, overlapping effect on real output. The conclusions of our research demonstrate the utility of augmenting macroeconomic models with a demographics-sensitive component.

Keywords: demographics; life expectancy; population ageing; economic growth; CEE countries (search for similar items in EconPapers)
JEL-codes: E10 J10 J11 (search for similar items in EconPapers)
Pages: 1 page
Date: 2017-10
New Economics Papers: this item is included in nep-age, nep-eec, nep-gro, nep-hea, nep-mac and nep-tra
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Citations: View citations in EconPapers (2)

Published in Proceedings of the Proceedings of the 33rd International Academic Conference, Vienna, Oct 2017, pages 178-178

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:5807776

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