Demographic Change in Models of Endogenous Economic Growth. A Survey
Klaus Prettner () and
No 1008, VID Working Papers from Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna
The purpose of this article is to identify the role of population size, population growth and population ageing in models of endogenous economic growth. While in exogenous growth models demographic variables are linked to economic prosperity mainly via the population size, the structure of the workforce, and the capital intensity of workers, endogenous growth models and their successors also allow for interrelationships between demography and technological change. However, most of the existing literature considers only the interrelationships based on population size and its growth rate and does not explicitly account for population ageing. The aim of this paper is (a) to review the role of population size and population growth in the most commonly used economic growth models (with a focus on endogenous economic growth models), (b) discuss models that also allow for population ageing, and (c) sketch out the policy implications of the most commonly used endogenous growth models and compare them to each other.
Keywords: Demographic change; endogenous R&D; economic growth (search for similar items in EconPapers)
Pages: 23 pages
New Economics Papers: this item is included in nep-age, nep-dge and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed
Downloads: (external link)
http://www.oeaw.ac.at/fileadmin/subsites/Institute ... Papers/WP2010_08.pdf
Journal Article: Demographic change in models of endogenous economic growth. A survey (2010)
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:vid:wpaper:1008
Access Statistics for this paper
More papers in VID Working Papers from Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna
Bibliographic data for series maintained by Frank Kolesnik ( this e-mail address is bad, please contact ).