Demography and Growth

نویسندگان

  • Jamie Hall
  • Andrew Stone
چکیده

Demographic change can have profound effects on a country’s economy and public finances. These effects generally manifest themselves over multi-decade periods, but the deterioration in many countries’ public finances and concerns about their underlying growth potential have recently brought demographic issues to the fore. Against this background, this article reviews the medium-term demographic changes projected to occur in a range of economies – the United States, Japan, Germany and Italy, along with China, India, Mexico, Korea, Indonesia and ‘east Asia (excluding China and Japan)’.1 These countries are either important to Australia as trading partners or illustrate the various demographic challenges now facing different economies. The article then sets out the key channels through which demography influences countries’ trend growth rates, and quantifies in broad terms the scale of the likely direct impact of demographic developments over the next decade.2

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تاریخ انتشار 2010