On the Macroeconomic and Financial Implications of the Demographic Transition

José María Fanelli and Ramiro Albrieu

Chapter Chapter 3 in Asymmetric Demography and the Global Economy, 2015, pp 85-106 from Palgrave Macmillan

Abstract: Abstract In this chapter we examine a set of problems concerning the interactions between the demographic transition and the macroeconomy in emerging countries that are particularly relevant to the issues discussed in the book. Analytically, the study is founded on the concepts, methodologies, and problems discussed in the previous chapter and, empirically, it is based on the UN population projections ( http://esa.un.org /unpd/wpp/index.htm) and NTA demographic data on expenditure and income age-profiles ( www.ntaccounts.org ) corresponding to four G-20 emerging countries: Brazil, China, India, and South Africa. To enrich the comparative perspective we will frequently refer to the experience of Korea as standard of comparison. Korea is a good standard because the country succeeded in accelerating growth during the period in which the demographic window of opportunity (DW) was open.

Keywords: Current Account; Capita Consumption; Labor Income; Demographic Transition; Social Security System (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48143-6_4

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DOI: 10.1057/9781137481436_4

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