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The Impact of Ageing Population on Economic Growth in South Asia

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  • D.K.Y. Abeywardhana

Abstract

The share of working age population has declined all over the world. It is forecasted that this will continue for the coming years in all countries in South Asia. Low growth in working age population in South Asia will be effecting negatively for the economic growth. This paper studies whether the South Asia 2050 employment targets would be sufficient to compensate for the downward impact of demographic burden and whether the impact of demography on economic growth differs between South Asian countries. The results show that degreasing working age population is the main challenge the South Asian region faces. Further it shows that growth in GDP mainly depend on the demographic change. Population who contributed the economic development become maturing and dependents of their children. The consumption of the ageing population is very high as of higher spending on healthcare facilities. This effect badly on the economic growth in the region and cause lots of challenges to the nations.

Suggested Citation

  • D.K.Y. Abeywardhana, 2019. "The Impact of Ageing Population on Economic Growth in South Asia," Asian Social Science, Canadian Center of Science and Education, vol. 15(7), pages 1-70, July.
    • Handle: RePEc:ibn:assjnl:v:15:y:2019:i:7:p:70
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    References listed on IDEAS

    as
    1. Nicole Van Der Gaag & Joop Beer, 2015. "From Demographic Dividend to Demographic Burden: The Impact of Population Ageing on Economic Growth in Europe," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 106(1), pages 94-109, February.
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    Cited by:

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    3. Usman Shakoor & Mudassar Rashid & Ashfaque Ali Baloch & Muhammad Iftikhar ul Husnain & Abdul Saboor, 2021. "How Aging Population Affects Health Care Expenditures in Pakistan? A Bayesian VAR Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(2), pages 585-607, January.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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