Demographic Changes and Economic Growth: Evidence from Asian Countries
Submission Type
Event
Expected Graduation Date
2013
Location
Room C102, Center for Natural Sciences, Illinois Wesleyan University
Start Date
4-20-2013 11:00 AM
End Date
4-20-2013 12:00 PM
Disciplines
Economics
Abstract
Asia has witnessed robust growth since the 1960s and the so-called “East Asian economic miracle”. Even till today when the world’s largest economies are suffering from debt and banking crises, emerging markets in Asia have managed to maintain rapid growth. In the meantime, significant demographic changes are taking place in Asian countries. Although existing studies have found demographic changes and economic growth closely related, such findings are rather inconsistent and a defined relationship cannot be concluded. Using an economic growth model, this article further examines the relationship between demographic changes and economic growth in Asia with data spanning from the 1960s to the first decade of the current century. The results find various extents to which demographic changes have affected the economic growth in the region and their potential impact in the future.
Demographic Changes and Economic Growth: Evidence from Asian Countries
Room C102, Center for Natural Sciences, Illinois Wesleyan University
Asia has witnessed robust growth since the 1960s and the so-called “East Asian economic miracle”. Even till today when the world’s largest economies are suffering from debt and banking crises, emerging markets in Asia have managed to maintain rapid growth. In the meantime, significant demographic changes are taking place in Asian countries. Although existing studies have found demographic changes and economic growth closely related, such findings are rather inconsistent and a defined relationship cannot be concluded. Using an economic growth model, this article further examines the relationship between demographic changes and economic growth in Asia with data spanning from the 1960s to the first decade of the current century. The results find various extents to which demographic changes have affected the economic growth in the region and their potential impact in the future.