A Simulation Analysis of the Effects of Population Change on a Neoclassical Economy
Journal of Political Economy
1973
This paper is concerned with the effects of variations in demographic factors on the time paths of major economic variables. A theoretical macromodel of an economic-demographic system is specified, with numerical parameters. This model is used in computer simulations to study the economic effects of exogenous changes in fertility and immigration rates. A cohort approach is emphasized in the specification of both demographic and economic relationships. Simulation results are reported for a variety of real and artificial time patterns of fertility and immigration under different assumptions about the values of the principal parameters of the economic relationships.
- DOI
- 10.1086/260032
- Volume
- 81 (2, Part 1)
- Pages
- 356-375
- Language
- en
- Export
- BibTeX
- Sources
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