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Demographic Change and Economic Growth - Simulations on Growth Models (Paperback, 2010 Ed.)
Loot Price: R4,246
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Demographic Change and Economic Growth - Simulations on Growth Models (Paperback, 2010 Ed.)
Series: Contributions to Economics
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In this book the author investigates the impact of demographic
change on economic growth. As a result of the current financial
crisis, a new view on economics has been demanded by various
scientists. The author provides such a new view on economic growth,
using a methodology of system dynamics. By applying this method,
the author focuses on characteristics of complex systems and
analyzes aging and shrinking processes, and not only positive
growth. Delays and feedback processes are also considered. This
leads to deeper and revealing insights into economic behavior. In
doing so, a new semi-endogenous growth model is developed by
introducing a specific and detailed population sector (demographic
growth model). The book shows and analyzes the behavior of such a
model and tests several policy scenarios in a transfer chapter to
apply the new theoretical approach on real world problems. The
major results are summarized in 15 principles of demographic
growth.
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