Asian ageing: The relationship between the elderly population and economic growth in the Asian context.
The elderly population and economic growth have been a contentious topic among researchers. Regardless of the economic growth rate, the population and its growth have a stimulating influence on economic development. This study aims to explore the relationship between the elderly population and econo...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2023-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0284895 |
| _version_ | 1797830002100666368 |
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| author | Thaveesha Jayawardhana Sachini Anuththara Thamasha Nimnadi Ridhmi Karadanaarachchi Ruwan Jayathilaka Kethaka Galappaththi |
| author_facet | Thaveesha Jayawardhana Sachini Anuththara Thamasha Nimnadi Ridhmi Karadanaarachchi Ruwan Jayathilaka Kethaka Galappaththi |
| author_sort | Thaveesha Jayawardhana |
| collection | DOAJ |
| description | The elderly population and economic growth have been a contentious topic among researchers. Regardless of the economic growth rate, the population and its growth have a stimulating influence on economic development. This study aims to explore the relationship between the elderly population and economic growth in 15 Asian countries, based on secondary data gathered from the WDI (World Development Indicators) from 1961 to 2021. This research contributes to filling the empirical gap, capturing the Granger causality concerning the relationship between the elderly population and economic growth in the Asian context in a single study. The empirical findings highlighted a one-way Granger causality from economic growth to the elderly population for India, Japan, Malaysia, and Singapore while vice versa for Bangladesh, China, and Pakistan. Furthermore, for Nepal, there is a two-way Granger causality, while there is no Granger causality for remaining countries. To the best of the authors' knowledge, this study has been the first to investigate the relationship between the elderly population and economic growth for Asian nations, using a lengthy data series and a Granger causality test. The main findings will assist the governments, policymakers, and foreign investors in effective decision-making in this regard. |
| first_indexed | 2024-04-09T13:29:09Z |
| format | Article |
| id | doaj.art-f99ead5c8cc3467e83698f7f22d6a931 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-09T13:29:09Z |
| publishDate | 2023-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-f99ead5c8cc3467e83698f7f22d6a9312023-05-10T05:31:39ZengPublic Library of Science (PLoS)PLoS ONE1932-62032023-01-01184e028489510.1371/journal.pone.0284895Asian ageing: The relationship between the elderly population and economic growth in the Asian context.Thaveesha JayawardhanaSachini AnuththaraThamasha NimnadiRidhmi KaradanaarachchiRuwan JayathilakaKethaka GalappaththiThe elderly population and economic growth have been a contentious topic among researchers. Regardless of the economic growth rate, the population and its growth have a stimulating influence on economic development. This study aims to explore the relationship between the elderly population and economic growth in 15 Asian countries, based on secondary data gathered from the WDI (World Development Indicators) from 1961 to 2021. This research contributes to filling the empirical gap, capturing the Granger causality concerning the relationship between the elderly population and economic growth in the Asian context in a single study. The empirical findings highlighted a one-way Granger causality from economic growth to the elderly population for India, Japan, Malaysia, and Singapore while vice versa for Bangladesh, China, and Pakistan. Furthermore, for Nepal, there is a two-way Granger causality, while there is no Granger causality for remaining countries. To the best of the authors' knowledge, this study has been the first to investigate the relationship between the elderly population and economic growth for Asian nations, using a lengthy data series and a Granger causality test. The main findings will assist the governments, policymakers, and foreign investors in effective decision-making in this regard.https://doi.org/10.1371/journal.pone.0284895 |
| spellingShingle | Thaveesha Jayawardhana Sachini Anuththara Thamasha Nimnadi Ridhmi Karadanaarachchi Ruwan Jayathilaka Kethaka Galappaththi Asian ageing: The relationship between the elderly population and economic growth in the Asian context. PLoS ONE |
| title | Asian ageing: The relationship between the elderly population and economic growth in the Asian context. |
| title_full | Asian ageing: The relationship between the elderly population and economic growth in the Asian context. |
| title_fullStr | Asian ageing: The relationship between the elderly population and economic growth in the Asian context. |
| title_full_unstemmed | Asian ageing: The relationship between the elderly population and economic growth in the Asian context. |
| title_short | Asian ageing: The relationship between the elderly population and economic growth in the Asian context. |
| title_sort | asian ageing the relationship between the elderly population and economic growth in the asian context |
| url | https://doi.org/10.1371/journal.pone.0284895 |
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