A statement of Harvard economists about the impact of demographic variables on the East Asian economic growth, often called "economic miracle", raised many discussions about the sources of economic growth. In this work, I focus on the historical development of the mainstream opinions on the field of demographic-economic relations and the role of the demographic characteristics in the economic growth models. This paper uses graphics tools to analyse the changes in mortality, fertility, dependecy ratios and age structures in four Asian countries (Hongkong, Singapore, South Korea and Japan). These demographics values prepared the basis for their rapid economic development. I compare empirical results of Kelley and Schmidt model, Bloom model and Mishra model to make a conclusion of what is the impact of demographic variables on the economic growth and how they contribute to the total economic growth. Finally, I draw the attention to the macroeconomic interventions with detailed focus on domestic savings, labour market flexibility and human capital investments.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:4274 |
| Date | January 2008 |
| Creators | Rauschová, Lenka |
| Contributors | Lipka, David, Mládek, Josef |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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