Demographic Dynamics and the Empirics of Economic Growth [electronic resource] / Michael Sarel.
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TextSeries: IMF Working Papers; Working Paper ; No. 94/143Publication details: Washington, D.C. : International Monetary Fund, 1994Description: 1 online resource (22 p.)ISBN: 145192688X :ISSN: 1018-5941Subject(s): Baby Boom | Demographic Effects | Economic Growth | GDP per Capita | Growth Rates | Algeria | Congo, Democratic Republic of the | Kenya | Singapore | United StatesAdditional physical formats: Print Version:: Demographic Dynamics and the Empirics of Economic GrowthOnline resources: IMF e-Library | IMF Book Store Abstract: This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age groups. Third, it constructs a panel database of effective labor supply in order to reflect the changing age-structure of the population. Fourth, it decomposes the historical measured growth rates into effects of demographic dynamics and into "real" growth rates, net of demographic effects.
This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age groups. Third, it constructs a panel database of effective labor supply in order to reflect the changing age-structure of the population. Fourth, it decomposes the historical measured growth rates into effects of demographic dynamics and into "real" growth rates, net of demographic effects.
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