Demographic changes and public finance: evidence from Greece
by Kostas Karamanis; Alina Hyz
International Journal of Decision Sciences, Risk and Management (IJDSRM), Vol. 9, No. 3, 2020

Abstract: The aim of this study is to analyse the impact of demographic changes on public finance in Greece during the period 2001-2018. This paper reports on an econometric model of three demographic variables (age dependency ratio, ageing ratio and fertility ratio) and five fiscal variables (debt to GDP ratio, total expenditure to GDP ratio, total revenue to GDP ratio, social benefits to GDP ratio, and the social contributions to GDP ratio). The main empirical evidence supported by other research studies suggests that there is a relationship between demographic changes and public finance. Considering the current situation of the demographic changes as well as the predictions, one can conclude that actions and reforms are needed to address the problems that arise from the ageing of the population in Greece.

Online publication date: Wed, 06-Jan-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Decision Sciences, Risk and Management (IJDSRM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com