ROBUST TESTING OF INHABITANTS BLEND ON FISCAL ECONOMIC AUGMENTATION
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.
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