The economic impact of demographic structure in OECD countries

Yunus Aksoy, Tobias Grasl and Ronald Smith
Additional contact information
Tobias Grasl: Department of Economics, Mathematics & Statistics, Birkbeck

No 1212, Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics

Abstract: We examine the impact of demographic structure, the proportion of the population in each age group, on growth, savings, investment, hours, interest rates and inflation using a panel VAR estimated from data for 20 OECD economies, mainly for the period 1970-2007. This flexible dynamic structure with interactions among the main macroeconomic variables allows us to estimate long-run effects of demographic structure on the individual countries. Our estimates confirm the importance of these effects.

Keywords: demographic changes; macroeconomic variables; business cycle (search for similar items in EconPapers)
JEL-codes: E32 J11 (search for similar items in EconPapers)
Date: 2012-05
New Economics Papers: this item is included in nep-age, nep-dem and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://eprints.bbk.ac.uk/id/eprint/5947 First version, 2012 (application/pdf)

Related works:
Working Paper: The Economic Impact of Demographic Structure in OECD Countries (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bbk:bbkefp:1212

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Birkbeck Working Papers in Economics and Finance from Birkbeck, Department of Economics, Mathematics & Statistics Malet Street, London WC1E 7HX, UK.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).