English, Article, Journal or magazine article edition: Does Age Structure Forecast Economic Growth? Günther Fink; David E. Bloom; David Canning; ...

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Bookmark: http://trove.nla.gov.au/version/141105
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does Age Structure Forecast Economic Growth?
Author
  • Günther Fink
  • David E. Bloom
  • David Canning
  • Günther Fink
  • Jocelyn E. Finlay
Physical Description
  • preprint
Notes
  • High ratios of working age to dependent population can yield a increases the rate of economic growth. We estimate the parameters model with a cross section of countries over the period 1960 to 1980 inclusion of age structure improves the model’s forecasts for the period that including age structure improves the forecast, although there instability between periods with an unexplained growth slowdown the model to generate growth forecasts for the period 2000–2020.
  • Economic Growth, demography, forecast, evaluation, error decomposition
  • RePEc:gdm:wpaper:2006
  • Increases in the proportion of the working age population can yield a "demographic dividend" that enhances the rate of economic growth. We estimate the parameters of an economic growth model with a cross section of countries over the period 1960 to 1980 and investigate whether the inclusion of age structure improves the model's forecasts for the period 1980 to 2000. We find that including age structure improves the forecast, although there is evidence of parameter instability between periods with an unexplained growth slowdown in the second period. We use the model to generate growth forecasts for the period 2000 to 2020.
  • RePEc:nbr:nberwo:13221
Language
  • English
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