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The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...
Persistent link: https://www.econbiz.de/10013215702
The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...
Persistent link: https://www.econbiz.de/10012472544
We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in their labour force. If not, other countries experience growing unemployment and/or trade deficit. This result is applied to the case of Germany, which has displayed a...
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, coupled with sluggish total factor productivity and investment trend growth, contributes to the decline. Our results highlight …
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focus on differences in total factor productivity (TFP) growth and its sub-components, as well as other major components of … labour productivity (LP) growth, that emerge between "more ICT intensive" and "less ICT intensive" industries. Employing …-industry productivity effects are smaller than structural change effect, and LP growth has only accelerated in recent years …
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