June 17, 2007

Economics and demography

Fertility in Europe

by Edward Hugh

According to the Economist last week “Reports of Europe’s death are somewhat exaggerated“. I can only whole-heartedly agree. I think though, it only fair to add, that reports of Europe’s impending old age are almost certainly not, indeed generally it might be felt that the significance of this phenomenon were rather underestimated, than overstated.
Let me [...]

January 22, 2007

Economics and demography

Serbia: That Incredible Shrinking Country

by Edward Hugh

This weekend’s election results in Serbia, and in particular the gridlock state of the political process and the resilience of the vote for the nationalist Serbian Radical Party (as ably explained by Doug in the previous post), pose new, and arguably reasonably urgent questions for all those who are concerned about the future of those [...]

September 21, 2006

Economics and demography

Greg Mankiw Wakes Up: Demography Does Matter

by Edward Hugh

I recently berated Greg Mankiw (and the top ten world economists he pretends top cite) for the folly of suggesting that fertility rates don’t matter to economists. Well today Mankiw seems to be having (an implicit) rethink. Dependency ratios, it seems, do matter.
Now since dependency ratios are really a function of three factors - fertility, [...]

September 4, 2006

Economics and demography

A Face That Launched A Thousand Ships

by Edward Hugh

An unlikely Helen, Spain’s deputy prime minister, Maria Teresa Fernandez de la Vega, that’s for sure. Yet outside a few thousand years difference in timing the two seem to have been cut out for one and the same the same historical role: urging the boats to go back. Indeed the only thing which really separates [...]

June 22, 2006

Economics and demography

In Search of Lost Time

by Edward Hugh

Time is a fascinating concept. Today we learn that, according to the Oxford English Dictionary, ‘time’ is top noun in use terms in the English language. Interesting statistic that, especially as time is such an integral component in our decision making process.
Also in today’s news we learn from Dr. Kunio Kitamura of the Japan Family [...]

January 30, 2006

Economics and demography

Hot Labour Anyone?

by Edward Hugh

This post has one sovereign virtue: apart from in the current sentence it will not refer, either directly or indirectly, to the Catalan Statute. The topic it does deal with however is probably equally vital for the future of Spain. The issue is Spain’s housing boom, and the role of immigration in fuelling it. Two [...]

January 18, 2006

Economics and demography

The Booming Czech Republic

by Edward Hugh

The Czech Republic is booming apparently. Both per-capita GDP and fertility are definitely on an upswing, although surprisingly perhaps, for once I am not going to try and suggest that these are connected:
The Czech republic has joined Slovenia among new member states with higher levels of wealth per capita than old member Portugal, according to [...]

January 4, 2006

Economics and demography

What A Surprise!

by Edward Hugh

According to the Financial Times this morning “Vietnam’s economy is expected to maintain rapid growth in the year ahead, after its gross domestic product last year expanded 8.45 per cent – the fastest pace of growth in nearly a decade.” This is to be added to the fact that “Economic growth in Vietnam, which averaged [...]

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December 15, 2005

Economics and demography

Wolfgang Lutz and the Low Fertility Trap

by Edward Hugh

Back in July I published a post about Austrian demographer Wolfgang Lutz’s hypothesis that those countries which sustain total fertility rates below 1.5 for any length of time may have fallen into a self-reinforcing low-fertility trap. Old Rottenhat (Ray to his friends) argued in comments that I had explained the reasons for the existence [...]

December 13, 2005

Economics and demography

The Postponement of Childbirth in Europe

by Edward Hugh

At the present time some 66 countries have fertility rates which are below the level necessary for population replacement (TFR 2.1). Within the next decade the number of counries in this group is set to grow to the point where a majority of the world’s population will be living in regions where the existing [...]

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