Aging of the population will affect the growth path of all countries. To assess the historical and future importance of this claim we use two popular approaches and evaluate their merits and disadvantages by confronting them to Swedish data. We first simulate an endogenous growth model with...

This paper addresses two issues. To what extent can models estimated on modern data be used to account for growth patterns in the past? Can information on historical patterns help to improve long-term forecasting of economic growth? We consider a reduced-form statistical model based on the...

Aging of the population will affect the growth path of all countries. To assess the historical and future importance of this claim we use two popular approaches and evaluate their merits and disadvantages by confronting them to Swedish data. We first simulate an endogenous growth model with...