Impact of population aging on Asia's future growth

Donghyun Park, Kwanho Shin

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

The demographic dividend that contributed substantially to economic growth in developing Asia in the past is dissipating. Population aging affects growth through savings, capital accumulation, labor force participation, and total factor productivity. We examined the impact of aging on those four channels in 12 developing Asian economies that collectively make up the bulk of the region's population and output. We then made projections about the effects of demographic change on the economic growth of the 12 from 2011 to 2020 and from 2021 to 2030. Our results indicate that there will be a sizable adverse economic impact where population aging is more advanced.

Original languageEnglish
Pages (from-to)1-30
Number of pages30
JournalADB Economics Working Paper Series
Volume281
Publication statusPublished - 2011 Oct

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Economics and Econometrics
  • Political Science and International Relations

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