POPULATION DECLINE AND ITS CHALLENGES FOR ECONOMIC GROWTH
The aim of this paper is to analyze the effects of population decline on economic growth in Romania compared with the large economies in the EU, by their implications on the main economic indicators of growth, GDP and GDP/capita. Population around the world, including in Romania, is in decline, wh...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2017-08-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-04/33_sala.pdf |
| Summary: | The aim of this paper is to analyze the effects of population decline on economic growth in Romania compared with the
large economies in the EU, by their implications on the main economic indicators of growth, GDP and GDP/capita.
Population around the world, including in Romania, is in decline, which will continue to accelerate in the following
decades. Statistics show that, in order to stop the population, decrease, the birth rate should remain above 2.1 children
per woman. In developed countries, this rate is already below 2.1 and, in the developing countries, it will drop below
this level in the next decades. Based on these facts, this article examines the following hypothesis: the population
decline does not imply a decline in GDP or GDP/capita. There is no reason to believe that the GDP of a nation would
suffer a decline as a result of its population numbers dwindling since the productive base of a nation will not dissolve.
The research applies the statistical and econometrical methods. The data sets are from public official statistics. The
expected results are that economic growth will maintain its level or will decrease at a pace slower than that recorded
by the population. |
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| ISSN: | 1844-7007 1844-7007 |