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Does Population Aging Increase Pork Trade In Asia?

Author

Listed:
  • HONGJUN TAO

    (School of Economics and Management, Fuzhou University, Shangjie, Minhou, Fuzhou 350108, P. R. China)

  • LIANG ZHAO

    (��School of Economics, Fujian Normal University, Fuzhou 350007, P. R. China)

  • JEFF LUCKSTEAD

    (��Division of Agriculture and Bumps College, University of Arkansas, Fayetteville, AR, USA)

  • CHAOPING XIE

    (�College of Economics and Management, Nanjing Agricultural University, Nanjing 210095, P. R. China)

Abstract

This paper estimates the impact of population aging on bilateral pork trade between 32 Asian countries (regions) by using a gravity model that incorporates old-age dependency ratio variables. The Poisson pseudo-maximum-likelihood regression performs better than the ordinary least-squares method in the estimations. An aging labor force stimulates pork exports because it reduces pork production costs by supplying the pork industry with low-wage older laborers. An aging consumer-based economy increases pork imports because older consumers usually have higher incomes. Population aging has both a time characteristic and a country characteristic on pork trade in Asia. Increasing birth rates and reforming the pork industry from the supply side are two feasible policy recommendations for aging Asian countries (regions).

Suggested Citation

  • Hongjun Tao & Liang Zhao & Jeff Luckstead & Chaoping Xie, 2021. "Does Population Aging Increase Pork Trade In Asia?," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 66(06), pages 1733-1758, December.
    • Handle: RePEc:wsi:serxxx:v:66:y:2021:i:06:n:s0217590818420055
    DOI: 10.1142/S0217590818420055
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