Robust Testing of Inhabitants Blend on Fiscal Economic Augmentation

Authors

  • Athar Iqbal
  • Ammar Siddiqui
  • Azhar Nazir Dayo

DOI:

https://doi.org/10.46568/kubrj.v2i1.47

Keywords:

Population aging, working-age population, economic growth, dependency ratio

Abstract

This paper studies the impact of population mix on financial growth (GDP). Aging population and demographic shift are always a common concern for both developed and developing countries from decades. The variables selected for this study are all related to population mix, which includes; population growth, population age groups of three different ages (0-14), (15-64) and (65 and above) along with their growth rate, population (females) and their growth rate, age dependency ratio and fertility rate together with GDP. Ten developing countries of Asia are selected. Data is collected from 1990 to 2019 from World Bank. Panel regression applied on 271 observations.  It is found out that all the population age group data has significant impact on GDP. Age group 0-14 has negative significant impact while other two groups and female population show positive significant impact on GDP.

Downloads

Download data is not yet available.

References

Abbasi, K. R., Abbas, J., Mahmood, S., & Tufail, M. (2021). Revisiting electricity consumption, price, and real GDP: A modified sectoral level analysis from Pakistan. Energy Policy, 149, 112087.

Acemoglu, D., & Restrepo, P. (2017). Secular stagnation? The effect of aging on economic growth in the age of automation. American Economic Review, 107(5), 174-79.

Ahmad, M., Akram, W., Ikram, M., Shah, A. A., Rehman, A., Chandio, A. A., & Jabeen, G. (2021). Estimating dynamic interactive linkages among urban agglomeration, economic performance, carbon emissions, and health expenditures across developmental disparities. Sustainable Production and Consumption, 26, 239-255.

Anser, M. K., Alharthi, M., Aziz, B., & Wasim, S. (2020). Impact of urbanization, economic growth, and population size on residential carbon emissions in the SAARC countries. Clean Technologies & Environmental Policy, 22(4).

Bloom, D. E., & Williamson, J. G. (1998). Demographic Transition and Economic Miracles in Emerging Asia. The World Bank Economic Review, 12(3), 419-455.

Bloom, D. E., Canning, D., & Malaney, P. N. (1999). Demographic Change and Economic Growth in Asia. Center for International Development Working Paper No. 15. Harvard University, Cambridge, MA.

Bloom, D. E., Canning, D., & Malaney, P. N. (2000). Population Dynamics and Economic Growth in Asia. Population and Development Review, 26, 257-290., Y., Feng, W., & Shen, K. (2018). Fiscal implications of population aging and social sector expenditure in China. Population and development review, 811-831.

Bloom, D. E., Canning, D., Finlay, J. E., Mariano, R. S., & Shin, K. (2010). 2. Population Aging and Economic Growth in Asia. In The economic consequences of demographic change in East Asia (pp. 61-92). University of Chicago Press.

Gradstein, M., & Kaganovich, M. (2004). Aging population and education finance. Journal of public economics, 88(12), 2469-2485.

Kamiguchi, A., & Tamai, T. (2019). Public investment, public debt, and population aging under the golden rule of public finance. Journal of Macroeconomics, 60, 110-122.

Lee, H. H., & Shin, K. (2019). Nonlinear effects of population aging on economic growth. Japan and the World Economy, 51, 100963.

Lunenfeld, B. (2008). An aging world–demographics and challenges.

Maestas, N., Mullen, K. J., & Powell, D. (2016). The effect of population aging on economic growth, the labor force and productivity (No. w22452). National Bureau of Economic Research.

Maestas, N., Mullen, K. J., & Powell, D. (2016). The effect of population aging on economic growth, the labor force and productivity (No. w22452). National Bureau of Economic Research.

Mahal, A., & McPake, B. (2017). Health systems for aging societies in Asia and the Pacific. Health Systems & Reform, 3(3), 149-153.

McPake, B., & Mahal, A. (2017). Addressing the needs of an aging population in the health system: the Australian case. Health Systems & Reform, 3(3), 236-247.

Pecchenino, R. A., & Utendorf, K. R. (1999). Social security, social welfare and the aging population. Journal of Population Economics, 12(4), 607-623.

Ruidong, Y. (2018). The Impact of Population Aging on China’s GDP. Frontiers in Management Research, 2(2), 61-66.

Tosun, M. S. (2003). Population aging and economic growth: political economy and open economy effects. Economics Letters, 81(3), 291-296.

Yenilmez, M. I. (2015). Economic and social consequences of population aging the dilemmas and opportunities in the twenty-first century. Applied Research in Quality of Life, 10(4), 735-752.

Yoshino, N., Kim, C. J., & Sirivunnabood, P. (2019). Aging population and its impacts on fiscal sustainability. Aging SocietieS.

Published

2021-06-21

How to Cite

Iqbal, A., Siddiqui, . A., & Dayo, A. N. (2021). Robust Testing of Inhabitants Blend on Fiscal Economic Augmentation. Karachi University Business Research Journal, 2(1), 37–45. https://doi.org/10.46568/kubrj.v2i1.47

Issue

Section

Articles