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Does Demographic Change Matter for Growth?


  • 研討會日期 : 2009-01-20
  • 時間 : 15:30
  • 主講人 : 廖珮如 小姐
  • 地點 : B棟110室
  • 演講者簡介 : 廖珮如小姐為Ph.D. Economics,University of California, Los Angeles (June 2009 expected)。其主要研究領域為Macroeconomics、Economic Growth and Development。現正申請本所研究職務中。
  • 演講摘要 : How important is the demographic transition for economic growth? To answer this question, this paper constructs a general equilibrium overlapping generations model with endogenous fertility in which demographic change affects growth through three channels: changes in the age composition of the population, the accumulation of physical capital, and the accumulation of human capital. Our quantitative analysis suggests that (1) During the period 1970-2004, demographic change contributed to growth in GDP per capita by about 1.3 percent per year in Taiwan; (2) The interaction between skill-biased technological progress and demographic change promotes human-capital accumulation; (3) When this interaction is taken into account, the human-capital channel is more important than changes in the dependency ratio for growth.