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

Hue University Journal of Science: Economics and Development

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Field Value
 
ISSN 2588-1205
2588-1205
 
Authentication Code dc
 
Title Statement LINKAGES UNDERLYING THE INFLUENCE OF POPULATION AGEING ON ECONOMIC GROWTH AND POLICY IMPLICATIONS TO VIETNAM
 
Personal Name Hà, Nguyễn Thị Thu
 
Summary, etc. 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.
 
Publication, Distribution, Etc. Hue University
 
Electronic Location and Access application/pdf
http://joshueuni.edu.vn/index.php/HUJOS-ED/article/view/4115
 
Data Source Entry Hue University Journal of Science: Economics and Development; Vol 126, No 5B (2017): Hue University Journal of Science: Economics and Development
 
Language Note eng
 
Terms Governing Use and Reproduction Note Copyright (c) 2017 Journal of Economics and Development