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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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Population aging and the possibility of a middle-income trap in Asia
Ha, Joonkyung; Lee, Sang-hyop - In: Emerging markets finance & trade : a journal of the … 54 (2018) 4/5/6, pp. 1225-1238
Persistent link: https://www.econbiz.de/10012123580
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China’s Great Convergence and Beyond
Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
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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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Decomposing Fertility Differences Across World Regions and Over Time: Is Improved Health More Important than Women's Schooling?
Behrman, J.R.; Duryea, S.; Szekely, M. - 1999
economic outcomes. These shifts are triggered by changes in fertility and mortality that take place some years before becoming … countries in the world are still experiencing, or probably about to experience, fertility declines. This paper first … characterizes differences in fertility and mortality and in related dependency ratios across regions and over time. The paper then …
Persistent link: https://www.econbiz.de/10005675440
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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 Coming Demographic Impact on China's Growth: The Age Factor in the Middle-Income Trap
Cai, Fang - In: Asian Economic Papers 11 (2012) 1, pp. 95-111
Thanks to successful economic growth, social development, and strict implementation of family planning policies, the demographic transition in China has been accomplished at a much earlier stage of development than in other countries. I call this outcome “aging before affluence.” As a result...
Persistent link: https://www.econbiz.de/10011009838
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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