How Demographics Impact Economic Growth And Entrepreneurship
The demographic structure of a country matters for economic growth. Equally important, entrepreneurship matters for economic growth. Countries with younger populations or those tilted toward the aged are shown to have decreased entrepreneurial activity according to new research by Professor Maria Minniti of SMU Cox and co-author Moren Levesque. Important implications arise for governments in aging developed countries such as Germany, Italy and Japan that are attempting to catalyze growth and in developing countries with younger populations seeking greater levels of entrepreneurship.