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The implication of fertility rate and life expectancy growth towards ASEAN economic growth

This paper investigates the implication of demographic change towards economic growth in ASEAN from 1990 to 2018 by using the panel data from the World Bank Indicators (2019). Since 2010, ASEAN had experienced a continuous decline in GDP per capita growth. A number of literature review report demogr...

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Main Authors: Yeo Soon Jian, Janice L. H. Nga
Format: Proceedings
Language:English
English
Published: Fakulti Kemanusiaan Seni dan Warisan, UMS 2019
Subjects:
HB848-3697 Demography. Population. Vital events
QA299.6-433 Analysis
Online Access:https://eprints.ums.edu.my/id/eprint/30437/1/The%20implication%20of%20fertility%20rate%20and%20life%20expectancy%20growth%20towards%20ASEAN%20economic%20growth-Abstract.pdf
https://eprints.ums.edu.my/id/eprint/30437/2/The%20Implication%20of%20Fertility%20Rate%20and%20Life%20Expectancy%20Growth%20Towards.pdf
https://eprints.ums.edu.my/id/eprint/30437/
https://www.researchgate.net/profile/Oscar-Wong-13/publication/339375906_PROSIDING_SEMINAR_KEBANGSAAN_PASCASISWAZAH_SAINS_SOSIAL_DAN_KEMANUSIAAN/links/5e4e3e78a6fdccd965b402e0/PROSIDING-SEMINAR-KEBANGSAAN-PASCASISWAZAH-SAINS-SOSIAL-DAN-KEMANUSIAAN.pdf
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spelling my.ums.eprints.304372021-08-31T09:11:09Z https://eprints.ums.edu.my/id/eprint/30437/ The implication of fertility rate and life expectancy growth towards ASEAN economic growth Yeo Soon Jian Janice L. H. Nga HB848-3697 Demography. Population. Vital events QA299.6-433 Analysis This paper investigates the implication of demographic change towards economic growth in ASEAN from 1990 to 2018 by using the panel data from the World Bank Indicators (2019). Since 2010, ASEAN had experienced a continuous decline in GDP per capita growth. A number of literature review report demographic change was the factor that influence GDP per capita growth. Both Panel Least Squares (PLS) and Random Effect (RE) estimation reported that increasing in the labour participation and productivity had a positively influence on economic growth due to economic of scale and competitiveness improvement. Moreover, both fertility rate and life expectancy growth had negatively influence on economic growth where increase in fertility rate and life expectancy raise the child and aged dependency. However, the empirical result show that share of working-age population had no implication towards the economic growth due to the government intervention on interest rate and social security expenditure. Changing in fertility rate and life expectancy provide an important economic opportunity for ASEAN countries expectedly in child dependency reduction and increasing in household saving for both human and physical capital investment. However, the effective policies that may affect labour participation and productivity additional family planning programs should be considered. Fakulti Kemanusiaan Seni dan Warisan, UMS 2019-10 Proceedings PeerReviewed text en https://eprints.ums.edu.my/id/eprint/30437/1/The%20implication%20of%20fertility%20rate%20and%20life%20expectancy%20growth%20towards%20ASEAN%20economic%20growth-Abstract.pdf text en https://eprints.ums.edu.my/id/eprint/30437/2/The%20Implication%20of%20Fertility%20Rate%20and%20Life%20Expectancy%20Growth%20Towards.pdf Yeo Soon Jian and Janice L. H. Nga (2019) The implication of fertility rate and life expectancy growth towards ASEAN economic growth. https://www.researchgate.net/profile/Oscar-Wong-13/publication/339375906_PROSIDING_SEMINAR_KEBANGSAAN_PASCASISWAZAH_SAINS_SOSIAL_DAN_KEMANUSIAAN/links/5e4e3e78a6fdccd965b402e0/PROSIDING-SEMINAR-KEBANGSAAN-PASCASISWAZAH-SAINS-SOSIAL-DAN-KEMANUSIAAN.pdf
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HB848-3697 Demography. Population. Vital events
QA299.6-433 Analysis
spellingShingle HB848-3697 Demography. Population. Vital events
QA299.6-433 Analysis
Yeo Soon Jian
Janice L. H. Nga
The implication of fertility rate and life expectancy growth towards ASEAN economic growth
description This paper investigates the implication of demographic change towards economic growth in ASEAN from 1990 to 2018 by using the panel data from the World Bank Indicators (2019). Since 2010, ASEAN had experienced a continuous decline in GDP per capita growth. A number of literature review report demographic change was the factor that influence GDP per capita growth. Both Panel Least Squares (PLS) and Random Effect (RE) estimation reported that increasing in the labour participation and productivity had a positively influence on economic growth due to economic of scale and competitiveness improvement. Moreover, both fertility rate and life expectancy growth had negatively influence on economic growth where increase in fertility rate and life expectancy raise the child and aged dependency. However, the empirical result show that share of working-age population had no implication towards the economic growth due to the government intervention on interest rate and social security expenditure. Changing in fertility rate and life expectancy provide an important economic opportunity for ASEAN countries expectedly in child dependency reduction and increasing in household saving for both human and physical capital investment. However, the effective policies that may affect labour participation and productivity additional family planning programs should be considered.
format Proceedings
author Yeo Soon Jian
Janice L. H. Nga
author_facet Yeo Soon Jian
Janice L. H. Nga
author_sort Yeo Soon Jian
title The implication of fertility rate and life expectancy growth towards ASEAN economic growth
title_short The implication of fertility rate and life expectancy growth towards ASEAN economic growth
title_full The implication of fertility rate and life expectancy growth towards ASEAN economic growth
title_fullStr The implication of fertility rate and life expectancy growth towards ASEAN economic growth
title_full_unstemmed The implication of fertility rate and life expectancy growth towards ASEAN economic growth
title_sort implication of fertility rate and life expectancy growth towards asean economic growth
publisher Fakulti Kemanusiaan Seni dan Warisan, UMS
publishDate 2019
url https://eprints.ums.edu.my/id/eprint/30437/1/The%20implication%20of%20fertility%20rate%20and%20life%20expectancy%20growth%20towards%20ASEAN%20economic%20growth-Abstract.pdf
https://eprints.ums.edu.my/id/eprint/30437/2/The%20Implication%20of%20Fertility%20Rate%20and%20Life%20Expectancy%20Growth%20Towards.pdf
https://eprints.ums.edu.my/id/eprint/30437/
https://www.researchgate.net/profile/Oscar-Wong-13/publication/339375906_PROSIDING_SEMINAR_KEBANGSAAN_PASCASISWAZAH_SAINS_SOSIAL_DAN_KEMANUSIAAN/links/5e4e3e78a6fdccd965b402e0/PROSIDING-SEMINAR-KEBANGSAAN-PASCASISWAZAH-SAINS-SOSIAL-DAN-KEMANUSIAAN.pdf
_version_ 1760230763929796608
score 13.211869

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