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Population aging and the possibility of a middle-income trap in Asia
Ha, Joonkyung; Lee, Sang-hyop - 2018
We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and … economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity …-quality tradeoff, and (3) current low level of fertility corresponds to too low support ratios for keeping up with the frontier …
Persistent link: https://www.econbiz.de/10011791948
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The demographic transition in a unified growth model of the English economy
Foreman-Peck, James S.; Zhou, Peng - 2019
. In the 19th century English fertility transition, the model shows how the generalized child price relative to the child …
Persistent link: https://www.econbiz.de/10012009404
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Macroeconomic Implications of Demographic Changes: A Global Perspective
Lee, Ronald - Institute for Monetary and Economic Studies, Bank of Japan - 2012
The populations of the World are aging, in both rich and poor countries. Older people work much less than younger adults, and earn far less than their consumption costs. The difference is made up in part by public or private transfers from working age adults, and in part from asset income. As...
Persistent link: https://www.econbiz.de/10010570827
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The Middle-Income Trap 2.0: The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia
Glawe, Linda; Wagner, Helmut - 2020
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012196404
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The middle-income trap: Issues for members of the Association of Southeast Asian Nations
2013
The problem faced by many of the economies making up the Association of Southeast Asian Nations (ASEAN) is whether they can avoid the middle-income trap and advance to the high-income level. What is needed for them to avoid the middle-income trap? This paper attempts to answer this question by...
Persistent link: https://www.econbiz.de/10010397292
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The middle-income trap 2.0 : the increasing role of human capital in the age of automation and implications for developing Asia
Glawe, Linda; Wagner, Helmut - 2020 - Update March 2020
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273
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The Middle-Income Trap: Issues for Members of the Association of Southeast Asian Nations
Tho, Tran Van - Asian Development Bank Institute, Asian Development Bank - 2013
The problem faced by many of the economies making up the Association of Southeast Asian Nations (ASEAN) is whether they can avoid the middle-income trap and advance to the high-income level. What is needed for them to avoid the middle-income trap? This paper attempts to answer this question by...
Persistent link: https://www.econbiz.de/10010840231
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China’s economic growth and rebalancing
Dorrucci, Ettore; Pula, Gabor; Santabárbara, Daniel - Banco de España - 2013
In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...
Persistent link: https://www.econbiz.de/10010687528
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Population structure and consumption growth: Evidence from National Transfer Accounts
Kuhn, Michael; Prettner, Klaus - 2015
We assess the impact of population structure on economic growth. Following recent research, we focus on the generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the generational turnover, depending on the age-profile of...
Persistent link: https://www.econbiz.de/10010478811
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Population structure and consumption growth : evidence from National Transfer Accounts
Kuhn, Michael; Prettner, Klaus - 2015
We assess the impact of population structure on economic growth. Following recent research, we focus on the generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the generational turnover, depending on the age-profile of...
Persistent link: https://www.econbiz.de/10010477584