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Aging and economic growth: empirical analysis using autoregressive distributed lag approach


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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