Influence Of Demographic Changes On Macroeconomic Trends

Zoran Miletić ()
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Zoran Miletić: Sveučilište u Splitu, Split, Hrvatska

Poslovna izvrsnost/Business Excellence, 2018, vol. 12, issue 2, 139-164

Abstract: Demographic changes will lead to important changes in the size and age structure of the population of the world, with emphasis on OECD countries, which will significantly influence the world economy. The paper attempts to show the changes in demographic variables over time and analyse their influence on macroeconomic variables such as GDP per capita, current account of balance of payments, savings and investments, as well as on the fiscal policy variables such as the budget balance, income and expenditure. Based on empirical facts – especially as regards inflation – the paper discusses its influence on macroeconomic policy, including the monetary policy. Demographic changes act as one of the most important determinants of economic and social trends, therefore it is not surprising that there is great interest in researching their influence on macroeconomic results.

Keywords: demographic changes; investment; inflation; savings; fiscal policy (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:zag:busexc:v:12:y:2018:i:2:p:139-164

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