Population Change and Economic Growth: The Long-Term Outlook

Frank Denton and Byron Spencer

Quantitative Studies in Economics and Population Research Reports from McMaster University

Abstract: The rate of growth of GDP can be expressed as the sum of the rates of growth of the population, the proportion of the population from which the labour force is drawn, the overall labour force participation rate, the employment rate, and the aggregate labour productivity ratio. Making use of this simple accounting identity we examine the contributions of the various components to the growth of GDP and GDP per capita in the half-century 1951-2001, decade by decade, and the prospective contributions to future growth under alternative demographic, participation rate, and productivity assumptions.

Keywords: population change; economic growth; simulation (search for similar items in EconPapers)
JEL-codes: J11 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2003-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Population Change and Economic Growth: The Long-Term Outlook (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:383

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