Aging and economic growth: empirical analysis using autoregressive distributed lag approach
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...
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Penerbit Universiti Kebangsaan Malaysia
2016
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my-ukm.journal.102762017-04-06T07:11:14Z http://journalarticle.ukm.my/10276/ Aging and economic growth: empirical analysis using autoregressive distributed lag approach Normaz Wana Ismail, Siti Wardah Haji Abd Rahman, Tengku Aizan Tengku Abdul Hamid, Rusmawati Said, 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. Penerbit Universiti Kebangsaan Malaysia 2016-09 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/10276/1/07%20Normaz%20Wana%20Ismail.pdf Normaz Wana Ismail, and Siti Wardah Haji Abd Rahman, and Tengku Aizan Tengku Abdul Hamid, and Rusmawati Said, (2016) Aging and economic growth: empirical analysis using autoregressive distributed lag approach. Sains Malaysiana, 45 (9). pp. 1345-1350. ISSN 0126-6039 http://www.ukm.my/jsm/english_journals/vol45num9_2016/contentsVol45num9_2016.htm |
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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. |
| format |
Article |
| author |
Normaz Wana Ismail, Siti Wardah Haji Abd Rahman, Tengku Aizan Tengku Abdul Hamid, Rusmawati Said, |
| spellingShingle |
Normaz Wana Ismail, Siti Wardah Haji Abd Rahman, Tengku Aizan Tengku Abdul Hamid, Rusmawati Said, Aging and economic growth: empirical analysis using autoregressive distributed lag approach |
| author_facet |
Normaz Wana Ismail, Siti Wardah Haji Abd Rahman, Tengku Aizan Tengku Abdul Hamid, Rusmawati Said, |
| author_sort |
Normaz Wana Ismail, |
| title |
Aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| title_short |
Aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| title_full |
Aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| title_fullStr |
Aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| title_full_unstemmed |
Aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| title_sort |
aging and economic growth: empirical analysis using
autoregressive distributed lag approach |
| publisher |
Penerbit Universiti Kebangsaan Malaysia |
| publishDate |
2016 |
| url |
http://journalarticle.ukm.my/10276/1/07%20Normaz%20Wana%20Ismail.pdf http://journalarticle.ukm.my/10276/ http://www.ukm.my/jsm/english_journals/vol45num9_2016/contentsVol45num9_2016.htm |
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