Démographie et fluctuations économiques
Emmanuelle Augeraud-Véron () and
Marie Bessec ()
Authors registered in the RePEc Author Service: Hippolyte d'Albis ()
Revue économique, 2004, vol. 55, issue 3, 429-437
This paper shows that a neoclassical model with standard assumptions but endowed with an explicit age structure of the population, converges to its balanced growth path with damped oscillations. It therefore reproduces a trend-reverting process with short run fluctuations that is displayed by the gross domestic product time series of most oecd countries. Classification JEL?: D50, D90.
JEL-codes: D50 D90 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_553_0429
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