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2023, Volume 8, Issue 5: 10468-10485. doi: 10.3934/math.2023531
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The impact of population aging on economic growth: a case study on China

  • 1.
    Business School, Hunan Institute of Technology, Hengyang 421000, China
  • 2.
    School of Finance and Statistics, Hunan University, Changsha 410079, China
  • 3.
    Party School of the CPC Beihai Municipal Committee, Beihai 536002, China
  • 4.
    Economics and Finance Group, Portsmouth Business School, University of Portsmouth, Portsmouth PO1 3DE, UK
  • Received: 10 January 2023 Revised: 20 February 2023 Accepted: 21 February 2023 Published: 01 March 2023

  • MSC : 62J05

  • The impact of population aging on economic growth is a very important issue in the process of population structure change. This paper first proposes research hypotheses based on a systematic literature review and theoretical analysis of the negative and positive effects of population aging on economic growth. Then, based on the data of 30 provinces in the Chinese Mainland from 2000 to 2019, this paper empirically tests the impact of population aging on economic growth and its impact mechanism using a static panel data model, a dynamic panel data model and a mediating effect model. Our empirical analysis leads to the following conclusions. First, population aging has a significant inhibitory effect on economic growth. Second, the industrial structure upgrading plays a mediating role in the process of population aging affecting economic growth; that is, population aging inhibits economic growth by affecting the overall upgrading of the industrial structure as well as the industrial rationalization and optimization. Last, some policy implications are proposed based on the research conclusions.

    Citation: Yue Liu, Liming Chen, Liangting Lv, Pierre Failler. The impact of population aging on economic growth: a case study on China[J]. AIMS Mathematics, 2023, 8(5): 10468-10485. doi: 10.3934/math.2023531

    Related Papers:

  • The impact of population aging on economic growth is a very important issue in the process of population structure change. This paper first proposes research hypotheses based on a systematic literature review and theoretical analysis of the negative and positive effects of population aging on economic growth. Then, based on the data of 30 provinces in the Chinese Mainland from 2000 to 2019, this paper empirically tests the impact of population aging on economic growth and its impact mechanism using a static panel data model, a dynamic panel data model and a mediating effect model. Our empirical analysis leads to the following conclusions. First, population aging has a significant inhibitory effect on economic growth. Second, the industrial structure upgrading plays a mediating role in the process of population aging affecting economic growth; that is, population aging inhibits economic growth by affecting the overall upgrading of the industrial structure as well as the industrial rationalization and optimization. Last, some policy implications are proposed based on the research conclusions.


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