The global population is ageing in all areas of the globe. First, ageing was an issue in developed countries but nowadays it is a burning research topic for developing countries. So, this study has taken selected ASIAN developing countries for investigation. This study probes the relationship between the old age demographic ratio on economic growth. Panel data has been taken for seven developing countries (India,Pakistan, China, Nepal, Bangladesh, Malaysia, and Sri Lanka) for the period 1990 to 2019 from World Development Indicators. The study uses the panel fixed effect technique for the analysis. The results of the study reveal that the old-age demographic ratio is statistically significant and has a negative impact on the economic growth of developing countries. The control variable inflation and life expectancy are statistically significant and carry a positive sign while carbon emission and remittance have a negative sign and are statistically insignificant.

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NEXUS BETWEEN OLD AGE DEMOGRAPHIC RATIO AND ECONOMIC GROWTH AN EMPIRICAL ANALYSIS OF SELECTED DEVELOPING COUNTRIES

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03 Pages : 22-31

http://dx.doi.org/10.31703/ger.2023(VIII-II).03      10.31703/ger.2023(VIII-II).03      Published : Jun 2023

Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries

Abstract

    The global population is ageing in all areas of the globe. First, ageing was an issue in developed countries but nowadays it is a burning research topic for developing countries. So, this study has taken selected ASIAN developing countries for investigation. This study probes the relationship between the old age demographic ratio on economic growth. Panel data has been taken for seven developing countries (India,Pakistan, China, Nepal, Bangladesh, Malaysia, and Sri Lanka) for the period 1990 to 2019 from World Development Indicators. The study uses the panel fixed effect technique for the analysis. The results of the study reveal that the old-age demographic ratio is statistically significant and has a negative impact on the economic growth of developing countries. The control variable inflation and life expectancy are statistically significant and carry a positive sign while carbon emission and remittance have a negative sign and are statistically insignificant.

    Economic Growth, Panel Fixed Effect, Old Age Demographics

    (1) Muhammad Ibrahim Saeed
    Senior Research Associate, Offices of Research, Innovation and Commercialization, University of Management and Technology, Lahore, Punjab, Pakistan.
    (2) Faran Ali
    Senior Officer, University of Management & Technology, Lahore, Punjab, Pakistan.
    (3) Faizan Ali
    Lecturer, Higher Education Department Punjab, Government of the Punjab, Lahore, Punjab, Pakistan.
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Cite this article

APA

    APA : Saeed, M. I., Ali, F., & Ali, F. (2023). Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries. Global Economics Review, VIII(II), 22-31. https://doi.org/10.31703/ger.2023(VIII-II).03

CHICAGO

    CHICAGO : Saeed, Muhammad Ibrahim, Faran Ali, and Faizan Ali. 2023. "Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries." Global Economics Review, VIII (II): 22-31 doi: 10.31703/ger.2023(VIII-II).03

HARVARD

    HARVARD : SAEED, M. I., ALI, F. & ALI, F. 2023. Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries. Global Economics Review, VIII, 22-31.

MHRA

    MHRA : Saeed, Muhammad Ibrahim, Faran Ali, and Faizan Ali. 2023. "Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries." Global Economics Review, VIII: 22-31

MLA

    MLA : Saeed, Muhammad Ibrahim, Faran Ali, and Faizan Ali. "Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries." Global Economics Review, VIII.II (2023): 22-31 Print.

OXFORD

    OXFORD : Saeed, Muhammad Ibrahim, Ali, Faran, and Ali, Faizan (2023), "Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries", Global Economics Review, VIII (II), 22-31

TURABIAN

    TURABIAN : Saeed, Muhammad Ibrahim, Faran Ali, and Faizan Ali. "Nexus between Old Age Demographic Ratio and Economic Growth: An Empirical Analysis of Selected Developing Countries." Global Economics Review VIII, no. II (2023): 22-31. https://doi.org/10.31703/ger.2023(VIII-II).03