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The role of demography on per capita output growth and saving rates
Abstract Computable general equilibrium (CGE) models and “convergence models” differ in their assessment of the extent to which demography influences economic growth. Here, I show that CGE models produce results similar to those of convergence models when more detailed demographic information is used. To do so, I implement a CGE model to explain Taiwan’s economic miracle during the period 1965–2005. I find that Taiwan’s demographic transition accounts for 22 % of per capita output growth and 17.7 % of investment rate for the period 1965–2005. Moreover, this paper confirms most of the literature written on the role of demography on per capita output growth and saving rates since the seminar article by Coale and Hoover (1958).
The role of demography on per capita output growth and saving rates
Abstract Computable general equilibrium (CGE) models and “convergence models” differ in their assessment of the extent to which demography influences economic growth. Here, I show that CGE models produce results similar to those of convergence models when more detailed demographic information is used. To do so, I implement a CGE model to explain Taiwan’s economic miracle during the period 1965–2005. I find that Taiwan’s demographic transition accounts for 22 % of per capita output growth and 17.7 % of investment rate for the period 1965–2005. Moreover, this paper confirms most of the literature written on the role of demography on per capita output growth and saving rates since the seminar article by Coale and Hoover (1958).
The role of demography on per capita output growth and saving rates
Sánchez-Romero, Miguel (author)
2012
Article (Journal)
Electronic Resource
English
RVK:
ELIB39
/
ELIB45
Local classification FBW:
oek 2608
BKL:
74.80
Demographie
/
83.31$jWirtschaftswachstum
/
74.80$jDemographie$XGeographie
/
83.31
Wirtschaftswachstum
The role of demography on per capita output growth and saving rates
| Online Contents | 2012
European demography and economic growth
| TIBKAT | 1979