During recent years there has been an increasing awareness of the explanatory power of demographic variables in economic growth regressions. We estimate a new model of the effects of age structure change on economic growth. We use the new model and recent probabilistic demographic projections...

Objectives, background, context -- Population trends in China and India: -- Demographic dividend or demographic drag? -- China-India: a macroeconomic assessment -- Science and technology -- Chinese & Indian defense and defense procurement spending to 2025 -- Conclusions and implications --...