THE EFFECTS OF DEMOGRAPHIC TRENDS ON ECONOMIC GROWTH IN THE EUROPEAN UNION

Abstract

The aim of this article is to assess the influence of demographic age shares on changes in economic growth in the EU from 1996 to 2013 using a fixed effects model. The authors hypothesise the demographic variable having a statistically significant effect on the macroeconomic variable. Conclusions and suggestions stemming from the analysis are expected to benefit policymakers and provide guidance to public institutions.