Efficiency analysis of EU Member States in context of population aging

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F23%3A43907308" target="_blank" >RIV/60076658:12510/23:43907308 - isvavai.cz</a>

Result on the web

<a href="https://www.sav.sk/journals/uploads/0215093710%2023%20Soukupov%C3%A1%20a%20kol.%20+%20SR.pdf" target="_blank" >https://www.sav.sk/journals/uploads/0215093710%2023%20Soukupov%C3%A1%20a%20kol.%20+%20SR.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.31577/ekoncas.2023.10.04" target="_blank" >10.31577/ekoncas.2023.10.04</a>

Result language

angličtina

Original language name

Efficiency analysis of EU Member States in context of population aging

Original language description

The population aging might threaten the economic development and efficiency of EU Member States. Based on the demographic projections, the EU&apos;s old-age dependency ratio (as proxies of population aging) will be almost double - from 31% in 2019 to 57% in 2100. This study focuses on the efficiency analysis of European Union Member States in the context of population aging. Utilizing Data Envelopment Analysis (DEA) and the Malmquist Productivity Index, we evaluated how demographic changes affect the economic efficiency of various EU countries. Our findings reveal that some states, such as the Czech Republic, Germany, and Luxembourg, demonstrate high-efficiency levels when considering demographic factors. The results suggest that technological advancement and innovation are crucial in addressing the challenges associated with population aging. Although population aging is an urgent threat to European society, these results show that it may not play a role in economic efficiency. As previous studies indicate, in the long term, population aging is insignificant for economic growth.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomický časopis

ISSN

0013-3035

e-ISSN

0013-3035

Volume of the periodical

71

Issue of the periodical within the volume

10

Country of publishing house

SK - SLOVAKIA

Number of pages

21

Pages from-to

646-666

UT code for WoS article

001167688300001

EID of the result in the Scopus database

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