Contribution of increased life expectancy to economic growth: evidence from CEE countries
Gindra Kasnauskiene () and
Karol Michnevic ()
Additional contact information
Gindra Kasnauskiene: Vilnius University
Karol Michnevic: Vilnius university
International Journal of Economic Sciences, 2017, vol. 6, issue 2, 82-99
Population aging in a backdrop of growing 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 issue for the region. We investigate these two phenomena 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 of 1996 to 2013. Our findings point to increasing life expectancy having a negative effect on the economy and the share of the population in the 30-59 age range affecting it positively. The conclusions of our research demonstrate the utility of augmenting macroeconomic models with a demographics-sensitive component and the urgency of addressing the accelerating demographic decline in the region.
Keywords: demographics; life expectancy; population aging; economic growth; CEE countries (search for similar items in EconPapers)
JEL-codes: E10 J10 J11 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://iises.net/international-journal-of-economi ... lication-detail-1349
https://iises.net/international-journal-of-economi ... tail-1349?download=5
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoes:v:6:y:2017:i:2:p:82-99
Access Statistics for this article
International Journal of Economic Sciences is currently edited by Robert Holman
More articles in International Journal of Economic Sciences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().