LINKAGES UNDERLYING THE INFLUENCE OF POPULATION AGEING ON ECONOMIC GROWTH AND POLICY IMPLICATIONS TO VIETNAM
Tập 126 Số 5B (2017), Nghiên cứu
Tập 126 Số 5B (2017)

LINKAGES UNDERLYING THE INFLUENCE OF POPULATION AGEING ON ECONOMIC GROWTH AND POLICY IMPLICATIONS TO VIETNAM

Nghiên cứu
https://doi.org/10.26459/jed.v126i5B.4115
Đã xuất bản 2017-03-17
Nguyễn Thị Thu Hà
Thư ký chuyên san, Tạp chí Khoa học - Đại học Huế

Tóm tắt

This paper is in line with literature reviews of ageing society and economic growth to provide a deeper knowledge of whether ageing population diminishes or enhances economic growth. The first part presents the causes of negative effects of population ageing on economic growth. It reveals that lower fertility, longer life expectancy, low consumption and high public spending on health care lead to aggregate output growth decline in the long-run. The following part attempts to explain the hypotheses of why ageing can contribute to economic growth. The key issue is the human capital accumulation according to the proposition of replicated economy. Furthermore, this part indentifies the elderly factors affecting economic growth, including effective labor, knowledge transfer and change in saving patterns. Accordingly, the conceptual framework is schematically shown with linkages underlying the impact of population ageing on economic growth. This study is expected to be the first research focuses on the schematic diagram of this relationship and will be useful for planning policy reform of the government of Vietnam. Lastly, after reviewing the overview picture of population ageing in Vietnam, some policy implications are suggested to take advantage of population ageing and to diminish negative effects of population ageing on economic growth.
https://doi.org/10.26459/jed.v126i5B.4115
PDF (English)

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