DOES POPULATION AGING INCREASE PORK TRADE IN ASIA?

Hongjun Tao, Liang Zhao (), Jeff Luckstead and Chaoping Xie
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Hongjun Tao: School of Economics and Management, Fuzhou University, Shangjie, Minhou, Fuzhou 350108, P. R. China
Liang Zhao: ��School of Economics, Fujian Normal University, Fuzhou 350007, P. R. China

The Singapore Economic Review (SER), 2021, vol. 66, issue 06, 1733-1758

Abstract: This paper estimates the impact of population aging on bilateral pork trade between 32 Asian countries (regions) by using a gravity model that incorporates old-age dependency ratio variables. The Poisson pseudo-maximum-likelihood regression performs better than the ordinary least-squares method in the estimations. An aging labor force stimulates pork exports because it reduces pork production costs by supplying the pork industry with low-wage older laborers. An aging consumer-based economy increases pork imports because older consumers usually have higher incomes. Population aging has both a time characteristic and a country characteristic on pork trade in Asia. Increasing birth rates and reforming the pork industry from the supply side are two feasible policy recommendations for aging Asian countries (regions).

Keywords: Pork trade; Asia; aging; old-age dependency ratio; PPML (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0217590818420055

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