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Does population aging affect economic growth in Malaysia?


Ismail, Normaz Wana and Abdul Rahman, Siti Wardah and Tengku Abdul Hamid, Tengku Aizan (2015) Does population aging affect economic growth in Malaysia? In: Tenth Malaysian National Economic Conference (PERKEM), 18-20 Sept. 2015, Melaka, Malaysia. (pp. 205-210).


The purpose of this study is to examine the impact of aging on economic growth. The study used dynamic growth model and employed ARDL approach for the period of 1970 to 2013. Three proxies for aging are used namely fertility rate, life expectancy and old dependency ratio. However, only fertility rate detect to have a long run cointegration. The major findings of this study revealed that a reduction of fertility rate lead to higher economic growth. This implied that even though Malaysia will face aging society by 2020, the economic growth still stable and can increase by investing more on human capital.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Institute of Gerontology
School of Graduate Studies
Publisher: School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia
Keywords: Population aging; Fertility rate; Malaysia; ARDL
Depositing User: Nabilah Mustapa
Date Deposited: 01 Nov 2016 03:51
Last Modified: 01 Nov 2016 03:51
URI: http://psasir.upm.edu.my/id/eprint/48831
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