Demographic Change and Economic Growth: Simulations on Growth Models (Contributions to Economics)

In this book the author investigates the impact of demographic change on
economic growth. As a result of the current financial crisis, a new view on
economics has been demanded by various scientists. The author provides such a
new view on economic growth, using a methodology of system dynamics. By
applying this method, the author focuses on characteristics of
complex systems and analyzes aging and shrinking processes, and not only
positive growth. Delays and feedback processes are also considered. This leads to
deeper and revealing insights into economic behavior. In doing so, a new
semi-endogenous growth model is developed by introducing a specific and
detailed population sector (demographic growth model). The book shows and
analyzes the behavior of such a model and tests several policy scenarios in
a transfer chapter to apply the new theoretical approach on real world
problems. The major results are summarized in 15 principles of demographic
growth.