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Scotland the grey : a linked demographic–computable general equilibrium (CGE) analysis of the impact of population ageing and decline

Lisenkova, K. and McGregor, P.G. and Pappas, N. and Swales, John and Turner, K. and Wright, R.E. (2010) Scotland the grey : a linked demographic–computable general equilibrium (CGE) analysis of the impact of population ageing and decline. Regional Studies, 44 (10). pp. 1351-1368. ISSN 0034-3404

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Abstract

This paper links a multi-period economic computable general equilibrium (CGE) modelling framework with a demographic model to analyse the economic impact on Scotland of its projected ageing and declining population. The model quantifies the effect on aggregate economic variables, such as gross domestic product (GDP), employment and competitiveness, and also on individual sectors. With the principal demographic projections, the fall in population, and particularly working-age population, has a depressing impact on economic activity. By changing the demographic parameters, the impact of increasing net migration, a policy actively being pursued by the Scottish Government, is tracked. However, the required size of the annual net-migration needed to neutralize the adverse natural demographic changes is far higher than the current trends.

Item type: Article
ID code: 15441
Notes: iFirst article. No volume/page number
Keywords: Scotland, regional computable general equilibrium (CGE) modelling, ageing population, migration, Economic Theory, Environmental Science(all), Social Sciences(all)
Subjects: Social Sciences > Economic Theory
Department: Strathclyde Business School > Economics
Related URLs:
Depositing user: Mrs Kirsty Fontanella
Date Deposited: 10 Feb 2010 20:41
Last modified: 04 Sep 2014 22:46
URI: http://strathprints.strath.ac.uk/id/eprint/15441

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