Impact of population ageing on economic growth
Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging is said would induce several problems to a country in term of theirs macroeconomic, labour market and social security. However, researcher believed impact of a...
| Main Authors: | , , |
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| Format: | Research Report |
| Language: | English |
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Universiti Malaysia Sabah
2012
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| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/24714/1/Impact%20of%20population%20ageing%20on%20economic%20growth.pdf |
| _version_ | 1796910296769495040 |
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| author | Ong, Seng Huat Ho, Chong Mun Norlita Ismail |
| author_facet | Ong, Seng Huat Ho, Chong Mun Norlita Ismail |
| author_sort | Ong, Seng Huat |
| collection | UMS |
| description | Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging is said would induce several problems to a country in term of theirs macroeconomic, labour market and social security. However, researcher believed impact of aging society may vary depend on economic policies implemented. Effective policies implemented can help in offsetting the effect of population aging. Most of the early studied have utilized panel data in their analysis. Nevertheless, the results can only provide a general conclusion. In addition, previous empirical result uncovers the possibility of the existence of nonlinear relationship. Hence, both linear and nonlinear causality test are employed in this thesis to examine the causal relationship among old-age dependency ratio and work to retirement ratio on economic growth. The countries involved in this analysis include Japan, Germany, China, Malaysia and Singapore. Findings suggested that economic policies implemented do affect the impact of the population aging. Japan seems to have better policies in dealing with the aging society. Result also show that adjustment on retirement age gives significant effect on economic growth. Besides, few cases show the existence of nonlinear causal relationship. Therefore, nonlinear relationship should also be considered to avoid bias result. |
| first_indexed | 2024-03-06T03:02:23Z |
| format | Research Report |
| id | ums.eprints-24714 |
| institution | Universiti Malaysia Sabah |
| language | English |
| last_indexed | 2024-03-06T03:02:23Z |
| publishDate | 2012 |
| publisher | Universiti Malaysia Sabah |
| record_format | dspace |
| spelling | ums.eprints-247142020-01-29T02:45:56Z https://eprints.ums.edu.my/id/eprint/24714/ Impact of population ageing on economic growth Ong, Seng Huat Ho, Chong Mun Norlita Ismail HC Economic history and conditions Based on United Nation projections, world population structure have tendency to move toward the population aging structure. Population aging is said would induce several problems to a country in term of theirs macroeconomic, labour market and social security. However, researcher believed impact of aging society may vary depend on economic policies implemented. Effective policies implemented can help in offsetting the effect of population aging. Most of the early studied have utilized panel data in their analysis. Nevertheless, the results can only provide a general conclusion. In addition, previous empirical result uncovers the possibility of the existence of nonlinear relationship. Hence, both linear and nonlinear causality test are employed in this thesis to examine the causal relationship among old-age dependency ratio and work to retirement ratio on economic growth. The countries involved in this analysis include Japan, Germany, China, Malaysia and Singapore. Findings suggested that economic policies implemented do affect the impact of the population aging. Japan seems to have better policies in dealing with the aging society. Result also show that adjustment on retirement age gives significant effect on economic growth. Besides, few cases show the existence of nonlinear causal relationship. Therefore, nonlinear relationship should also be considered to avoid bias result. Universiti Malaysia Sabah 2012 Research Report NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/24714/1/Impact%20of%20population%20ageing%20on%20economic%20growth.pdf Ong, Seng Huat and Ho, Chong Mun and Norlita Ismail (2012) Impact of population ageing on economic growth. (Unpublished) |
| spellingShingle | HC Economic history and conditions Ong, Seng Huat Ho, Chong Mun Norlita Ismail Impact of population ageing on economic growth |
| title | Impact of population ageing on economic growth |
| title_full | Impact of population ageing on economic growth |
| title_fullStr | Impact of population ageing on economic growth |
| title_full_unstemmed | Impact of population ageing on economic growth |
| title_short | Impact of population ageing on economic growth |
| title_sort | impact of population ageing on economic growth |
| topic | HC Economic history and conditions |
| url | https://eprints.ums.edu.my/id/eprint/24714/1/Impact%20of%20population%20ageing%20on%20economic%20growth.pdf |
| work_keys_str_mv | AT ongsenghuat impactofpopulationageingoneconomicgrowth AT hochongmun impactofpopulationageingoneconomicgrowth AT norlitaismail impactofpopulationageingoneconomicgrowth |