IDEAS home Printed from https://ideas.repec.org/a/eme/jespps/jes-09-2021-0487.html
   My bibliography  Save this article

The impact of demographic structure, human capital, migration and environmental degradation on economic growth in Asia

Author

Listed:
  • Yot Amornkitvikai
  • Charles Harvie
  • Rukchanok Karcharnubarn

Abstract

Purpose - This study investigates the impact of demographic structural changes on economic growth using data for Asian economies covering the period 1960–2020. Other factors affecting economic growth, such as human capital, are also considered. Design/methodology/approach - A fixed-effects model and a fixed-effects model with endogenous covariates are used to examine a dynamic demographic model covering different age cohorts (i.e. youth-age, working-age and old-age populations) and other factors impacting economic growth. Findings - The working-age population share, the labour force relative to the working-age population and growth of the actively employed population have significant and positive impacts on economic growth. Population growth and the youth-age population share exert a significant and negative impact on economic growth. A second and silver demographic dividend is found arising from a significant and positive association between the old-age population and economic growth. Human capital has an inverted U-shaped association with economic growth. Environmental degradation is significantly and negatively related to economic growth. No evidence is found for the importance of migration. Practical implications - The positive association between the old-age population and economic growth indicates the policy significance of retirement-income systems with high coverage to enhance economic growth in Asia. Lifelong learning and preventative health measures can also be supportive policies to strengthen the third (silver) demographic dividend via the extension of retirement for productive and healthy elders. Originality/value - This study is the first to examine the impacts of demographic structure, human capital, migration and environmental degradation on economic growth in Asia, using the most up-to-date longitudinal data from 1960 to 2020. Unlike previous empirical studies, this study discovers empirically based evidence to support Asia's second and silver demographic dividends.

Suggested Citation

  • Yot Amornkitvikai & Charles Harvie & Rukchanok Karcharnubarn, 2022. "The impact of demographic structure, human capital, migration and environmental degradation on economic growth in Asia," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 50(2), pages 216-233, February.
    • Handle: RePEc:eme:jespps:jes-09-2021-0487
    DOI: 10.1108/JES-09-2021-0487
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JES-09-2021-0487/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/JES-09-2021-0487/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/JES-09-2021-0487?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chang, Tsangyao & Hsu, Chen-Min & Chen, Sheng-Tung & Wang, Mei-Chih & Wu, Cheng-Feng, 2023. "Revisiting economic growth and CO2 emissions nexus in Taiwan using a mixed-frequency VAR model," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 319-342.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jespps:jes-09-2021-0487. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.