THE IMPACT OF DEMOGRAPHIC CHANGE ON ECONOMIC GROWTH

Dieu Thanh Le () and Hail Park
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Dieu Thanh Le: Economic Division, Embassy of the Republic of Korea, Hanoi, Vietnam
Hail Park: Department of International Business and Trade, Kyung Hee University, Seoul, Republic of Korea

The Singapore Economic Review (SER), 2020, vol. 65, issue 02, 471-484

Abstract: This paper evaluates the impact of demographic change on the economic growth of OECD and non-OECD countries. An annual panel dataset of 71 countries, consisting of 27 advanced economies and 44 emerging economies over the period of 1981–2014, is used. Two types of regression models (panel regression model and panel continuous threshold model) including several demographic variables are used to investigate the effects of demographic structure. The results of this study show the significant difference of the impact of demographic transition on the economic growth of OECD and non-OECD economies.

Keywords: Demographic change; economic growth; nonlinearity; threshold (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1142/S0217590819500401

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