Research on the relationship between population ageing and economic development based on national policy perspective

Yilun  Li; Jinglin  Xiao; Zhenyi  Zhao

doi:10.54691/bcpbm.v23i.1392

Authors

Yilun Li
Jinglin Xiao
Zhenyi Zhao

DOI:

https://doi.org/10.54691/bcpbm.v23i.1392

Keywords:

Population Ageing, Economic Development, National Policy.

Abstract

This article discusses the relationship between the ageing population and economic as well as policy contexts. A more specific issue is the various impacts of aged population on the economy. By using the AD-AS model for a theoretical study and a regression model for empirical analysis, the paper evaluate the impact of population ageing from a unique perspective. The results demonstrate that in theory population ageing will decrease China’s real GDP, whereas there is a clear trend that ageing population will benefit the tertiary sector by increasing demand, and thus improving the employment there. Thus, the next five years will see a significant transformation of China's industrial structure. Our findings provide ideas for future research on this issue.

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