Citation
Ismail, Normaz Wana and Haji Abd Rahman, Hajah Siti Wardah and Tengku Abdul Hamid, Tengku Aizan and Said, Rusmawati
(2016)
Aging and economic growth: empirical analysis using autoregressive distributed lag approach.
Sains Malaysiana, 45 (9).
pp. 1345-1350.
ISSN 0026-6039
Abstract
The purpose of this study was to examine the impact of aging on economic growth.The study used dynamic growth model and employed Autoregressive Distributed Lag (ARDL) approach for the period of 1980 to 2011. Three proxies for aging are used namely fertility rate, life expectancy and old dependency ratio. However, only fertility rate is detected to have a long run cointegration. The major finding of this study showed 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 is still stable and can increase by investing more on human capital.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management Faculty of Human Ecology |
| Publisher: | Universiti Kebangsaan Malaysia |
| Keywords: | ARDL; Fertility rate; Malaysia; Population aging |
| Depositing User: | Mohd Hafiz Che Mahasan |
| Date Deposited: | 12 Jul 2018 09:39 |
| Last Modified: | 12 Jul 2018 09:39 |
| URI: | http://psasir.upm.edu.my/id/eprint/54989 |
| Statistic Details: | View Download Statistic |
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