Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96955
Authors: 
Prettner, Klaus
Prskawetz, Alexia
Year of Publication: 
2010
Series/Report no.: 
Vienna Institute of Demography Working Papers 8/2010
Abstract: 
The purpose of this article is to identify the role of population size, population growth and population ageing in models of endogenous economic growth. While in exogenous growth models demographic variables are linked to economic prosperity mainly via the population size, the structure of the workforce, and the capital intensity of workers, endogenous growth models and their successors also allow for interrelationships between demography and technological change. However, most of the existing literature considers only the interrelationships based on population size and its growth rate and does not explicitly account for population ageing. The aim of this paper is (a) to review the role of population size and population growth in the most commonly used economic growth models (with a focus on endogenous economic growth models), (b) discuss models that also allow for population ageing, and (c) sketch out the policy implications of the most commonly used endogenous growth models and compare them to each other.
Subjects: 
Demographic change
endogenous R&D
economic growth
JEL: 
J10
O16
O41
Document Type: 
Working Paper

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