Citation

Ong, Hway Boon and Mohd-Audi-Tye, Sajiah Husna (2022) A time-varying impact of ageing population on the economy of Malaysia. International Journal of Social Economics. ISSN 0306-8293

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Abstract

By 2040, 14.5% of Malaysia’s population will consist of those aged 65 years and above. The purpose of this paper is to examine the time-varying impact of an ageing population on the economy of Malaysia. Design/methodology/approach The relationship between the ageing population and economic performance was examined from the period 1971–2019. The time-varying rolling convergence estimation of 40 + k observations sample frame of the trace statistics was analysed. Findings The ageing population had affected the economic activities in Malaysia over all sampling time frame from 1971 to 2010, 1972–2011, …to 1980–2019. The growth in total population and economic activities also caused a significant increase in the ageing population in the long run. An improved economic performance signifies the affordability for better healthcare services and improvement in medical science technology to treat diseases.

Item Type:	Article
Uncontrolled Keywords:	Ageing, economy
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	29 Jul 2022 01:50
Last Modified:	29 Jul 2022 01:50
URII:	http://shdl.mmu.edu.my/id/eprint/10245

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