Catalysts of Growth: Exploring the Influence of Demographic Factors on Regional Economic Development in Sweden (1980-2010)
(2024) EKHS01 20231Department of Economic History
- Abstract
- The economic bonanza of the last century has brought prosperity and reduced poverty in many corners of the world. Favourable demographic circumstances are recognised as a critical pillar of the rapid development; the baby boomers entering the workforce, the entrance of female participation in the workforce and integration of new economies on the global market. However, the baby boomers are coming of age, and the increased standard of living has made dependence on families to sustain limited, causing a decline in fertility rates in the developed world. Aligned with the second demographic transition theory, which holds sway and establishes a demographic framework of an ageing society, worrying policymakers and electorates of what is to come... (More)
- The economic bonanza of the last century has brought prosperity and reduced poverty in many corners of the world. Favourable demographic circumstances are recognised as a critical pillar of the rapid development; the baby boomers entering the workforce, the entrance of female participation in the workforce and integration of new economies on the global market. However, the baby boomers are coming of age, and the increased standard of living has made dependence on families to sustain limited, causing a decline in fertility rates in the developed world. Aligned with the second demographic transition theory, which holds sway and establishes a demographic framework of an ageing society, worrying policymakers and electorates of what is to come since elderly care is not cheap, and can halter growth-boosting infrastructure investments. Despite this, the significant relationship between demographic variables and economics is ambiguous. Attempts to measure demographics variable impact have not been able to generate significant results in cross-country examinations. Thus, this paper seeks to test the variables derived from demographic theory on economic growth, however, instead of comparing countries, this paper will seek to identify the relationship on counties (“län”) level in Sweden via an OLS regression. The regression results revealed significance result, especially among the demographic derived variables, but lacked continuity. Additionally, was parts of the regression affected by multicollinearity between the independent variables, causing removals of affected variables. Inducing the difficulty with measuring the impact, and further estimating what lies ahead. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9149524
- author
- Afzelius, Carl Fredrik LU
- supervisor
-
- Martin Dribe LU
- organization
- course
- EKHS01 20231
- year
- 2024
- type
- H1 - Master's Degree (One Year)
- subject
- language
- English
- id
- 9149524
- date added to LUP
- 2024-03-07 10:07:43
- date last changed
- 2024-03-07 10:07:43
@misc{9149524,
abstract = {{The economic bonanza of the last century has brought prosperity and reduced poverty in many corners of the world. Favourable demographic circumstances are recognised as a critical pillar of the rapid development; the baby boomers entering the workforce, the entrance of female participation in the workforce and integration of new economies on the global market. However, the baby boomers are coming of age, and the increased standard of living has made dependence on families to sustain limited, causing a decline in fertility rates in the developed world. Aligned with the second demographic transition theory, which holds sway and establishes a demographic framework of an ageing society, worrying policymakers and electorates of what is to come since elderly care is not cheap, and can halter growth-boosting infrastructure investments. Despite this, the significant relationship between demographic variables and economics is ambiguous. Attempts to measure demographics variable impact have not been able to generate significant results in cross-country examinations. Thus, this paper seeks to test the variables derived from demographic theory on economic growth, however, instead of comparing countries, this paper will seek to identify the relationship on counties (“län”) level in Sweden via an OLS regression. The regression results revealed significance result, especially among the demographic derived variables, but lacked continuity. Additionally, was parts of the regression affected by multicollinearity between the independent variables, causing removals of affected variables. Inducing the difficulty with measuring the impact, and further estimating what lies ahead.}},
author = {{Afzelius, Carl Fredrik}},
language = {{eng}},
note = {{Student Paper}},
title = {{Catalysts of Growth: Exploring the Influence of Demographic Factors on Regional Economic Development in Sweden (1980-2010)}},
year = {{2024}},
}