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(2012) to project the impact of population aging on developing Asia’s growth between 2021 and 2050. Our projections indicate …Developing Asia has grown faster than other parts of the world for decades. However, population aging is expected to … pose significant headwinds to the region’s future economic growth. We update and enhance the analysis of Park and Shin …
Persistent link: https://www.econbiz.de/10014333414
ageing on economic growth, capital deepening and robotisation in 27 European Union (EU) labour markets. First, we … econometrically assess the effects of ageing and potential labour market shortages on growth. Second, we test the hypothesis of …
Persistent link: https://www.econbiz.de/10013417455
This article analyzes the causes of economic growth. The authors revise social influences on the maintenance of … consideration of a problem and define what a pressing need for economic growth is. The authors find out that profit should be … considered as the “negative” factor of economic growth, i.e. the growth serves as feedback on the response of the total profit …
Persistent link: https://www.econbiz.de/10011862261
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China is to rebalance growth towards relying more on consumption and less on exports and investment, banking sector reforms …This paper uses the standard one-sector neoclassical growth model to investigate why China''s consumption has been low … and investment high. It finds that the low cost of capital has been quantitatively an important factor. Theory predicts …
Persistent link: https://www.econbiz.de/10014400153
saving. The central objective of this paper is to investigate the extent to which the saving and investment rate of Asian … countries can be explained by the underlying fundamental determinants of saving and investment such as gross domestic product … Asia has run since the 1997–1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …
Persistent link: https://www.econbiz.de/10013143244
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 … economic growth of the 12 from 2011 to 2020 and from 2021 to 2030. Our results indicate that there will be a sizable adverse …
Persistent link: https://www.econbiz.de/10013118646