Economic growth, stagnation and the working population in Western Europe

by Leif AhnstroМ€m

Publisher: Belhaven in London

Written in English
Cover of: Economic growth, stagnation and the working population in Western Europe | Leif AhnstroМ€m
Published: Pages: 256 Downloads: 996
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  • Labor supply -- Europe.
  • Edition Notes

    Includes index.

    StatementLeif Ahnström.
    LC ClassificationsHD5764.A6
    The Physical Object
    Pagination(256)p. ;
    Number of Pages256
    ID Numbers
    Open LibraryOL21948945M
    ISBN 101852931256

economic growth in per capita income terms even though population growth is still positively linked to rising incomes. The modern growth regime is triggered by a rise in the demand for human capital and a demographic transition. This is the era of rapid technological progress, sustained economic growth and rising per capita incomes. Download the report: Golden Aging: Prospects for Healthy, Active and Prosperous Aging in Europe and Central Asia. Overview. The Europe and Central Asia region has among the oldest populations in the world. Europe, in particular, is approaching the end of a demographic transition toward population stabilization, and Central Asia, although still younger, is following quickly.   Globally, the KLEMS analysis shows a pronounced economic leap forward around , when annual growth topped 4 percent. Although global growth slowed to around percent between and , in large part a result of the Great Recession, China and India forged ahead, thanks to a series of reforms in both countries, observed Jorgenson.   * Studies cited in this article "Economic Progress and Declining Population Growth," by Alvin Hansen, American Economic Review, March "Perspectives on the Recent Weakness in Investment", by.

  Decline in Working-Age Population. A rapidly aging population means there are fewer working-age people in the economy. This leads to a supply shortage of qualified workers, making it . Laszek points to the fact that the working age population in Poland has been shrinking since , with the number of people in working age down from million in to million in in Western Europe grew significantly faster than in Eastern Europe after While average urbanization (weighted by population) in was percent in Western Europe, it was percent in Eastern Europe and percent in Asia (reflecting the relatively high level of urbanization in India and China). In the subsequent centuries. A critical voice in the debates over economic stagnation, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come. AB - A NEW YORK TIMES BESTSELLER In the century after the Civil War, an economic revolution improved the American standard of living in ways previously.

  DEMOGRAPHIC CHANGE AND ECONOMIC GROWTH: THE IMPORTANCE OF AGE STRUCTURE For decades, economists and social thinkers have debated the influ-ence of population change on economic growth. Three alternative positions define this debate: Population growth either (1) restricts, (2) promotes, or (3) is independent of economic growth. Proponents.   “ Economic Growth, Human Capital Formation, and Consumption in Western Europe Before ” In Living Standards in the Past: New Perspectives on Well-Being in Asia and Europe, edited by Allen, Robert C. Bengtsson, Tommy, and Dribe, Martin, .   Japan’s labor shortage continues to be a serious factor in its economic stagnation. The working-age Japanese population has contracted by 6 . With an uninterrupted pace of high growth averaging % per annum between , Poland is steadily catching up with Western Europe and has become the seventh largest economy in.

Economic growth, stagnation and the working population in Western Europe by Leif AhnstroМ€m Download PDF EPUB FB2

Economic growth, stagnation, and the working population in Western Europe. London ; New York: Belhaven Press, (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Leif Ahnström.

Hardcover: pages Publisher: United Nations Economic Commission for Europe () Language: English ASIN: BIXX6S Customer Reviews: Be the first to write a review Amazon Best Sellers Rank: #3, in Books (See Top in Books)Author: Ingvar Svennilson.

-- Aghion and Howitt, "The Economics of Growth" ()-- Weil, "Economic Growth" (2nd ed., ) As a Ph.D. economist who has resided and worked for the past thirty years in low-income areas of several continents, in countries of which the wealthiest was Egypt, "Economic Growth" is a /5(11). The relationship between population growth and growth of economic output has been studied extensively (Heady & Hodge, ).Many analysts believe that economic growth in high-income countries is likely to be relatively slow in coming years in part because population growth stagnation and the working population in Western Europe book these countries is predicted to slow considerably (Baker, Delong, & Krugman, ).Cited by:   The relationship between population growth and economic growth is controversial.

Western Europe to the Empirics of Economic Growth (NBER Working. The decline in China is perhaps most worrying, as the country has long served as an engine of global economic growth. Inthe growth rate of its working-age population dipped below zero for the first time in at least half a century.

At the same time, thanks to the huge strides in health care that China has made, the elderly’s Economic growth of the population is growing much faster there. relative to Western Europe, a natural benchmark; and (iii) Poland is well placed to continue converging with the Western European levels of income, permanently moving from the economic periphery of Europe, where it languished for centuries, to the European economic center.

The twenty-first century thus promises to become Poland’s new Golden Age. long-term average growth rate was about percent per annum, and the growth rate during the Golden Age was, for Western Europe, about percent (Kuznets, ; Maddison, ; and Crafts and Toniolo, ).

Over the period –, expansion multiples for GDP averaged about fivefold in Western Europe and the United States (see Table 2).

Protestant Europe. Two core countries drove economic growth in Protestant Europe: the Netherlands and Britain. Between andper capita GDP grew % in the Netherlands, and 75% in Britain. However, virtually all the Protestant Countries had higher-than-average growth rates during this time.

Gross domestic product (GDP) growth rates for the United States, United Kingdom, Germany, and Western Europe were,and percent, respectively.

'British Economic Growth is the collective work of a remarkable international group of economic historians It is an attempt to reconstruct England’s and Britain’s national income accounts from to and to reveal the origins of Britain’s modern economic growth. a remarkable achievement, which transforms our understanding of.

Additional Physical Format: Online version: Svennilson, Ingvar, Growth and stagnation in the European economy. Geneva, United Nations Economic Commission for Europe, The economic background. The century’s economic expansion owed much to powerful changes that were already under way by At that time, Europe comprised only between one-third and one-half the population it had possessed about The infamous Black Death of –50 principally accounts for the huge losses, but plagues were recurrent, famines frequent, wars incessant, and social.

For example, Western Europe experienced this type of economic stagnation during the s and s, dubbed Eurosclerosis. Conversely, stagnation can.

The book notes that Nepal is the fastest urbanizing country in South Asia. The spatial transformation is characterized by fast growing population density in the Kathmandu Valley - Nepal's largest urban conurbation along the main highways and close to the border with India, and clustering of economic production in the Kathmandu Valley and in the.

Europe - Europe - Economy: Europe was the first of the major world regions to develop a modern economy based on commercial agriculture, industrial development, and the provision of specialized services. Its successful modernization can be traced to the continent’s rich endowment of economic resources, its history of innovations, the evolution of a skilled and educated labour force, and the.

B.C.E. B.C.E., the average population growth rate in Kremer’s data was % per year. Yet despite this tiny growth rate, world population increased by a factor of 32, from aroundpeople to 4 million. As an interesting comparison, that’s similar to the proportionate increase in the population in Western Europe and.

The German economy is the fourth-largest in the world with a GDP of $ trillion. Germany has a GDP (PPP) of $ trillion and a per capita GDP of $46, the 18th –highest in the world. Germany’s highly developed social market economy is Europe’s largest and. Philip Hanson, author of The Rise and Fall of the Soviet economy: an Economic History of the USSR fromclaims that the label stagnation is not "entirely unfair".Brezhnev, according to Hanson, did preside over a period of slowdown in economic growth, but claims that the era started with good growth that was at a higher rate than during the end of Khrushchev's rule.

Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment.

Under some definitions, "slow" means significantly slower than potential growth as estimated by macroeconomists, even though the growth rate may be nominally higher than in other countries not experiencing economic stagnation.

Paul A. Baran was the author of The Political Economy of Growth () and, with Paul M. Sweezy, Monopoly Capital (). Baran’s work on the roots of underdevelopment focused on the way in which the imperialist world system robbed countries of their actual and potential economic surplus, chaining them to conditions of dependency.

The post–World War II economic expansion, also known as the golden age of capitalism and the postwar economic boom or simply the long boom, was a broad period of worldwide economic expansion beginning after World War II and ending with the – recession.

The United States, Soviet Union, Western European and East Asian countries in particular experienced unusually high. In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment. The term, a portmanteau of stagnation and inflation, is generally attributed to Iain Macleod, a British. By the early s, the world economy looked very different. The US economy was still more than twice as big as that of China but Japan’s growth had been penalised by stagnation.

Chancellor Merkel’s Germany and President Sarkozy’s France ruled over Europe. In Brazil, the Lula era brought about a dramatic catch-up.

Africa's economic growth Page 1 of 27 EXECUTIVE SUMMARY Over the past 15 years, most countries in Africa experienced sustained economic growth, with growth rates often exceeding 5% per year.

This has inspired much optimism about the region's prospects to. Population Aging and Dependency. The mid- to long-term consequences of population aging and migration are manifold. In addition to economic dimensions, the impacts include social and cultural changes which often dominate the public discourse but are more difficult to quantify and capture in social scientific models often due to lack of data.

While the nation’s growth rate varied through wars, economic upheavals, baby booms, and baby busts, the current rate reflects a further dip in a trend toward a lower level of growth. Productivity increases were negligible beforeimplying that economic output rose no faster than the very modest rate of population growth — about % annually.

In the 18th century, however, the agricultural and industrial revolutions in Western Europe caused a fundamental shift, initiating a steady acceleration of economic growth. Assuming that the pandemic will fade in the second half of the year and that the economic activity will gradually normalize, the global economy is projected to rebound by % in Furthermore, when the world faced a crisis of this magnitude in the s, there was no multilateral economic system and countries had to compete against each.

• But with the growth of long distance trade, ships hauling grain and other products became conveyances for their movement. • We now suspect that it was transmitted to Western Europe via Caffa (a westward point along the silk road know today as Theodosia in the Ukraine).

–We can thus see the spread of plague via sea-shipping lanes. It seems also to have ushered parts of north-west Europe onto a more promising growth path. Real incomes of European workers rose sharply following the. At the national level, slower growth in America’s working-age population is a major reason that mainstream forecasters now expect the economy .Western Europe percentage points 0 1 2 Population Growth Rate Developed Economies Japan United States Western Europe Figure 2: Left panel: Years of life expectancy at birth.

Right panel: Population growth rate. Sample: Developed Economies (Northern America, Europe, Japan.