Demographic transition, stagnation, and demoeconomic cycles in a model for the less developed economy

Article Abstract:

A dynamic macroeconomic model for the less developed economy that explains patterns of demoeconomic development is presented. Demoeconomic development can be interpreted as the transformation from the low level equilibrium to the the steady-growth path. The model, which is a modification of the low-level equilibrium trap, also offers theoretical explanation for stagnation in a Malthusian state that is described by either constant income per capita and rapid population growth or permanent cycles of these variables without long-run development.

Demographic aspects, Developing countries, Economic development, Population

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Aggregate demand and aggregate supply in UK regions

Article Abstract:

Supply shocks in the United Kingdom are totally well-proportioned. There is also no proof that the supply shocks are proliferated gradually into the UK regions. The regions were slow in adapting to the shocks but this slow adjustment will not likely have adverse effects for the monetary union. Long run restrictions based on bivariate structural (VAR) models were utilized to examine the shocks incited by the regions' aggregate demand and supply and its underlying aggregate demand and supply.

Gross Domestic Product, United Kingdom, Analysis, Regional economics, Supply and demand

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