IDEAS home Printed from https://ideas.repec.org/a/kap/poprpr/v40y2021i2d10.1007_s11113-020-09571-1.html
   My bibliography  Save this article

Ageing Population: Identifying the Determinants of Ageing in the Least Developed Countries

Author

Listed:
  • N. Renuga Nagarajan

    (Simon Fraser University)

  • Aurora A. C. Teixeira

    (Universidade Do Porto)

  • Sandra T. Silva

    (Universidade Do Porto)

Abstract

The issue of population ageing is no longer exclusively centred on developed countries. Empirical studies have proven that the rise in the proportion of the older age group has been already visible in the least developed countries (LDCs). The primary concern of population ageing in LDCs is that ageing is approaching LDCs even faster than approaching developing and developed countries. We found that despite the common factors such as human capital development, female participation in the labour market and economic growth, the annual growth rate of the ageing of LDCs highly depends on international aids (health care and development) and the rising number of emigrations over the working-age population. Our empirical results suggest that the existence of the ageing population in LDCs determine by the involvement of international bodies in supporting the welfare system of the country and the policy initiatives of developed countries in attracting migrant workers of LDCs to overcome the ageing problem in their countries.

Suggested Citation

  • N. Renuga Nagarajan & Aurora A. C. Teixeira & Sandra T. Silva, 2021. "Ageing Population: Identifying the Determinants of Ageing in the Least Developed Countries," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 40(2), pages 187-210, April.
    • Handle: RePEc:kap:poprpr:v:40:y:2021:i:2:d:10.1007_s11113-020-09571-1
    DOI: 10.1007/s11113-020-09571-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11113-020-09571-1
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11113-020-09571-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Wood, Geof & Gough, Ian, 2006. "A Comparative Welfare Regime Approach to Global Social Policy," World Development, Elsevier, vol. 34(10), pages 1696-1712, October.
    2. David E. Bloom & David Canning & Günther Fink, 2010. "Implications of population ageing for economic growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 583-612, Winter.
    3. Neumann, Uwe, 2013. "Are My Neighbours Ageing Yet? Local Dimensions of Demographic Change in German Cities," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(3), pages 189-209.
    4. Volker Meier & Martin Werding, 2010. "Ageing and the welfare state: securing sustainability," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 655-673, Winter.
    5. Ceyhun Elgin & Semih Tumen, 2010. "Can Sustained Economic Growth and Declining Population Coexist? Barro-Becker Children Meet Lucas," Working Papers 2010/11, Bogazici University, Department of Economics.
    6. Ken-ichi Hashimoto & Ken Tabata, 2010. "Population aging, health care, and growth," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(2), pages 571-593, March.
    7. Fatas, Antonio & Mihov, Ilian, 2006. "The macroeconomic effects of fiscal rules in the US states," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 101-117, January.
    8. Bloom, David E & Williamson, Jeffrey G, 1998. "Demographic Transitions and Economic Miracles in Emerging Asia," The World Bank Economic Review, World Bank, vol. 12(3), pages 419-455, September.
    9. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    10. Edward L. Glaeser & Gary S. Becker & Kevin M. Murphy, 1999. "Population and Economic Growth," American Economic Review, American Economic Association, vol. 89(2), pages 145-149, May.
    11. Luis Angeles, 2010. "Demographic transitions: analyzing the effects of mortality on fertility," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(1), pages 99-120, January.
    12. Riboud, Michelle, 1985. "An Analysis of Women's Labor Force Participation in France: Cross-Section Estimates and Time-Series Evidence," Journal of Labor Economics, University of Chicago Press, vol. 3(1), pages 177-200, January.
    13. Mariacristina De Nardi & Eric French & John B. Jones, 2010. "Why Do the Elderly Save? The Role of Medical Expenses," Journal of Political Economy, University of Chicago Press, vol. 118(1), pages 39-75, February.
    14. Luciano Fanti & Mimmo Iannelli & Piero Manfredi, 2013. "Neoclassical growth with endogenous age distribution. Poverty vs low-fertility traps as steady states of demographic transitions," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(4), pages 1457-1484, October.
    15. David Cutler & Angus Deaton & Adriana Lleras-Muney, 2006. "The Determinants of Mortality," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 97-120, Summer.
    16. David Roodman, 2009. "A Note on the Theme of Too Many Instruments," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(1), pages 135-158, February.
    17. Stephen Bond & Anke Hoeffler, 2001. "GMM Estimation of Empirical Growth Models," Economics Series Working Papers 2001-W21, University of Oxford, Department of Economics.
    18. Abdul Rashid & Maurizio Intartaglia, 2017. "Financial development – does it lessen poverty?," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 44(1), pages 69-86, January.
    19. Ronald Lee & Andrew Mason (ed.), 2011. "Population Aging and the Generational Economy," Books, Edward Elgar Publishing, number 13816, December.
    20. Javier Diaz-Gimenez & Julian Diaz-Saavedra, 2009. "Delaying Retirement in Spain," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 147-167, January.
    21. Andrew Mason & Ronald Lee, 2011. "Population aging and the generational economy: key findings," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 1, Edward Elgar Publishing.
    22. Emma Aguila & Orazio Attanasio & Costas Meghir, 2011. "Changes in Consumption at Retirement: Evidence from Panel Data," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 1094-1099, August.
    23. Poul Schou, 2006. "Immigration, integration and fiscal sustainability," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(4), pages 671-689, October.
    24. Aurora A. C. Teixeira & N. Renuga Nagarajan & Sandra T. Silva, 2017. "The Impact of Ageing and the Speed of Ageing on the Economic Growth of Least Developed, Emerging and Developed Countries, 1990–2013," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 909-934, August.
    25. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    26. Evelyn Wamboye & Abel Adekola & Bruno S Sergi, 2013. "Economic Growth and the Role of Foreign Aid in Selected African Countries," Development, Palgrave Macmillan;Society for International Deveopment, vol. 56(2), pages 155-171, June.
    27. Stephen Bond & Anke Hoeffler & Jonathan Temple, 2001. "GMM Estimation of Empirical Growth Models," Economics Papers 2001-W21, Economics Group, Nuffield College, University of Oxford.
    28. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    29. Ronald Lee, 2003. "The Demographic Transition: Three Centuries of Fundamental Change," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 167-190, Fall.
    30. Mitchell Hoffman, 2011. "Does Higher Income Make You More Altruistic? Evidence from the Holocaust," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 876-887, August.
    31. Fabrice Murtin, 2013. "Long-Term Determinants of the Demographic Transition, 1870–2000," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 617-631, May.
    32. Choudhry, Misbah T. & Elhorst, J. Paul, 2010. "Demographic transition and economic growth in China, India and Pakistan," Economic Systems, Elsevier, vol. 34(3), pages 218-236, September.
    33. Heyneman, Stephen P. & Lee, Bommi, 2016. "International organizations and the future of education assistance," International Journal of Educational Development, Elsevier, vol. 48(C), pages 9-22.
    34. Rodrigo Soares, 2006. "The effect of longevity on schooling and fertility: evidence from the Brazilian Demographic and Health Survey," Journal of Population Economics, Springer;European Society for Population Economics, vol. 19(1), pages 71-97, February.
    35. N Renuga Nagarajan & Mineko Wada & Mei Lan Fang & Andrew Sixsmith, 2019. "Defining organizational contributions to sustaining an ageing workforce: a bibliometric review," European Journal of Ageing, Springer, vol. 16(3), pages 337-361, September.
    36. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    37. Alders, Peter & Broer, D. Peter, 2005. "Ageing, fertility, and growth," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 1075-1095, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Przybysz Klaudia & Stanimir Agnieszka, 2024. "Life Situation of Polish Seniors – Their Subjective Assessment," Folia Oeconomica Stetinensia, Sciendo, vol. 24(2), pages 280-303.
    2. Li, ChangZheng & Umair, Muhammad, 2023. "Does green finance development goals affects renewable energy in China," Renewable Energy, Elsevier, vol. 203(C), pages 898-905.
    3. Siow Li Lai & Tien Ming Yip, 2022. "The role of older workers in population aging–economic growth nexus: evidence from developing countries," Economic Change and Restructuring, Springer, vol. 55(3), pages 1875-1912, August.
    4. Jakir Hussain Mazumder & Bharat Diwakar, 2025. "The Effect of Demography on Inflation in Developing Countries of Asia: Empirical Evidence," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 50(1), pages 1-21.
    5. Guohua Liu & Mohammed Arshad Khan & Ahsanuddin Haider & Moin Uddin, 2022. "Financial Development and Environmental Degradation: Promoting Low-Carbon Competitiveness in E7 Economies’ Industries," IJERPH, MDPI, vol. 19(23), pages 1-16, December.
    6. Hasan, Mohammad Maruf & Du, Fang, 2023. "Nexus between green financial development, green technological innovation and environmental regulation in China," Renewable Energy, Elsevier, vol. 204(C), pages 218-228.
    7. Cheng, Zhuo & Kai, Zhe & Zhu, Shouwenjun, 2023. "Does green finance regulation improve renewable energy utilization? Evidence from energy consumption efficiency," Renewable Energy, Elsevier, vol. 208(C), pages 63-75.
    8. Jungsuk Kim & Cynthia Castillejos Petalcorin & Donghyun Park & Shu Tian, 2023. "Determinants of the Elderly Share of Population: A Cross-Country Empirical Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(3), pages 941-957, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aurora A. C. Teixeira & N. Renuga Nagarajan & Sandra T. Silva, 2017. "The Impact of Ageing and the Speed of Ageing on the Economic Growth of Least Developed, Emerging and Developed Countries, 1990–2013," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 909-934, August.
    2. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Increasing Foreign Aid for Inclusive Human Development in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 138(2), pages 443-466, July.
    3. Asongu, Simplice & Odhiambo, Nicholas, 2019. "Foreign Aid Complementarities and Inclusive Human Development in Africa," MPRA Paper 101086, University Library of Munich, Germany.
    4. Zheng, Xinye & Li, Fanghua & Song, Shunfeng & Yu, Yihua, 2013. "Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach," China Economic Review, Elsevier, vol. 27(C), pages 264-276.
    5. Maurice J.G. Bun & Sarafidis, V., 2013. "Dynamic Panel Data Models," UvA-Econometrics Working Papers 13-01, Universiteit van Amsterdam, Dept. of Econometrics.
    6. Gnangnon, Sèna Kimm, 2023. "Duration of membership in the world trade organization and investment-oriented remittances inflows," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 258-277.
    7. Simplice A Asongu & Lieven De Moor, 2017. "Financial Globalisation Dynamic Thresholds for Financial Development: Evidence from Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(1), pages 192-212, January.
    8. Montes, Gabriel Caldas & da Cunha Lima, Luiza Leitão, 2018. "Effects of fiscal transparency on inflation and inflation expectations: Empirical evidence from developed and developing countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 70(C), pages 26-37.
    9. Gnangnon, Sèna Kimm, 2022. "Duration of WTO Membership and Investment-Oriented Remittances Flows," EconStor Preprints 251274, ZBW - Leibniz Information Centre for Economics.
    10. Asongu, Simplice A., 2017. "The effect of reducing information asymmetry on loan price and quantity in the African banking industry," Research in International Business and Finance, Elsevier, vol. 41(C), pages 185-197.
    11. Simplice A. Asongu & Nicholas M. Odhiambo, 2021. "Income Levels, Governance and Inclusive Human Development in Sub-Saharan Africa," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(1), pages 71-103, February.
    12. Na Hou & Bo Chen, 2013. "Military Expenditure And Economic Growth In Developing Countries: Evidence From System Gmm Estimates," Defence and Peace Economics, Taylor & Francis Journals, vol. 24(3), pages 183-193, June.
    13. Demir, FIrat & Dahi, Omar S., 2011. "Asymmetric effects of financial development on South-South and South-North trade: Panel data evidence from emerging markets," Journal of Development Economics, Elsevier, vol. 94(1), pages 139-149, January.
    14. Asongu, Simplice A. & Amankwah-Amoah, Joseph, 2018. "Mitigating capital flight through military expenditure: Insight from 37 African countries," Research in International Business and Finance, Elsevier, vol. 45(C), pages 38-53.
    15. Dunbar, Kwamie & Treku, Daniel N., 2025. "Do energy transition investment flows aid climate commitments?," Energy Economics, Elsevier, vol. 142(C).
    16. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Remittances, the diffusion of information and industrialisation in Africa," Contemporary Social Science, Taylor & Francis Journals, vol. 15(1), pages 98-117, January.
    17. Efobi, Uchenna & Asongu, Simplice & Okafor, Chinelo & Tchamyou, Vanessa & Tanankem, Belmondo, 2019. "Remittances, finance and industrialisation in Africa," Journal of Multinational Financial Management, Elsevier, vol. 49(C), pages 54-66.
    18. Simplice A. Asongu, 2017. "Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 211-253, March.
    19. Simplice A. Asongu, Nicholas M. Odhiambo, 2021. "Taxation, foreign aid and political governance in Africa," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 18(2), pages 217-249, December.
    20. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:poprpr:v:40:y:2021:i:2:d:10.1007_s11113-020-09571-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.