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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Main Authors:	Normaz Wana Ismail, Siti Wardah Haji Abd Rahman, Tengku Aizan Tengku Abdul Hamid, Rusmawati Said
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2016
Online Access:	http://journalarticle.ukm.my/10276/ http://journalarticle.ukm.my/10276/ http://journalarticle.ukm.my/10276/1/07%20Normaz%20Wana%20Ismail.pdf

id	ukm-10276
recordtype	eprints
spelling	ukm-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
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	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/ http://journalarticle.ukm.my/10276/ http://journalarticle.ukm.my/10276/1/07%20Normaz%20Wana%20Ismail.pdf
first_indexed	2023-09-18T19:56:59Z
last_indexed	2023-09-18T19:56:59Z
_version_	1777406594919694336

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

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