THE IMPACT OF DEMOGRAPHIC CHANGE ON ECONOMIC GROWTH

This paper evaluates the impact of demographic change on the economic growth of OECD and non-OECD countries. An annual panel dataset of 71 countries, consisting of 27 advanced economies and 44 emerging economies over the period of 1981–2014, is used. Two types of regression models (panel regression model and panel continuous threshold model) including several demographic variables are used to investigate the effects of demographic structure. The results of this study show the significant difference of the impact of demographic transition on the economic growth of OECD and non-OECD economies.