The relation between an ageing population and economic growth in Bangladesh: evidence from an endogenous growth model

Mamun, Shamsul Arifeen Khan and Rahman, Mohammad Mafizur and Khanam, Rasheda ORCID: https://orcid.org/0000-0003-1130-2357 (2020) The relation between an ageing population and economic growth in Bangladesh: evidence from an endogenous growth model. Economic Analysis and Policy, 66. pp. 14-25. ISSN 0313-5926

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Abstract

This paper examines the short-run and long-run relationships between an ageing population and economic growth in Bangladesh using time series data for the period between 1972–2015. We employed a bivariate endogenous growth model to investigate the relationship between the population aged 65 years and above and per capita gross domestic product (GDP). The study found that there is a long-run positive relationship between the ageing population and per capita real GDP. The relationship runs from an ageing population to per capita real GDP, given that there is an increasing capital formation process in the economy. Therefore, the elderly population is not a matter of concern for Bangladesh as long as per capita capital formation has been greater than that of per capita ageing population.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Accepted version embargoed until 1 July 2021 (12 months), in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Commerce (1 July 2013 -)
Faculty/School / Institute/Centre: Current - Institute for Resilient Regions - Centre for Health Research (1 Apr 2020 -)
Date Deposited: 19 Jun 2020 04:43
Last Modified: 27 Jul 2020 01:20
Uncontrolled Keywords: Bangladesh; ageing population; economic growth; time series analysis; cointegration analysis
Fields of Research (2008): 14 Economics > 1402 Applied Economics > 140211 Labour Economics
14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
14 Economics > 1402 Applied Economics > 140208 Health Economics
14 Economics > 1403 Econometrics > 140305 Time-Series Analysis
Socio-Economic Objectives (2008): B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910103 Economic Growth
Identification Number or DOI: 10.1016/j.eap.2020.02.001
URI: http://eprints.usq.edu.au/id/eprint/38651

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