The cost of aging: Economic growth perspectives for Europe

被引:6
|
作者
Jayawardhana, Thaveesha [1 ]
Jayathilaka, Ruwan [2 ]
Nimnadi, Thamasha [1 ]
Anuththara, Sachini [1 ]
Karadanaarachchi, Ridhmi [1 ]
Galappaththi, Kethaka [2 ]
Dharmasena, Thanuja [3 ]
机构
[1] Sri Lanka Inst Informat Technol, SLIIT Business Sch, Malabe, Sri Lanka
[2] Sri Lanka Inst Informat Technol, SLIIT Business Sch, Dept Informat Management, Malabe, Sri Lanka
[3] UN Habitat, Colombo, Sri Lanka
来源
PLOS ONE | 2023年 / 18卷 / 06期
关键词
TIME-SERIES; COUNTRIES; AGE;
D O I
10.1371/journal.pone.0287207
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
This study explores the causal relationship between the economy and the elderly population in 15 European countries. The economy was measured by the Per Capita Gross Domestic Product growth rate, while the population aged above 65 as a percentage of the total was considered the elderly population. The data were obtained from a time series dataset published by the World Bank for six decades from 1961 to 2021. The Granger causality test was employed in the study to analyse the impact between the economy and the elderly population. An alternate approach, wavelet coherence, was used to demonstrate the changes to the relationship between the two variables in Europe over the 60 years. The findings from the Granger causality test indicate a unidirectional Granger causality from the economy to the elderly population for Luxembourg, Austria, Denmark, Spain, and Sweden, while vice versa for Greece and the United Kingdom. Furthermore, for Belgium, Finland, France, Italy, Netherlands, Norway, Portugal, and Turkey, Granger causality does not exist between the said variables. Moreover, wavelet coherence analysis depicts that for Europe, the elderly population negatively affected the economic growth in the 1960s, and vice versa in the 1980s.
引用
收藏
页数:20
相关论文
共 50 条
  • [1] Stock market liberalization, the cost of capital and economic growth in postwar Europe
    Voth, HJ
    [J]. JOURNAL OF ECONOMIC HISTORY, 2002, 62 (02): : 575 - 575
  • [2] THE ECONOMIC COST OF BLINDNESS IN EUROPE
    Biundo, E.
    Chakravarthy, U.
    Bourne, R.
    Little, J.
    Fasser, C.
    Saka, O.
    [J]. VALUE IN HEALTH, 2016, 19 (07) : A566 - A566
  • [3] The economic cost of MS in Europe
    Kobelt, G.
    [J]. EUROPEAN JOURNAL OF NEUROLOGY, 2018, 25 : 629 - 629
  • [4] Aging and Economic Growth
    Miri, Neda
    Maddah, Majid
    Raghfar, Hossein
    [J]. SALMAND-IRANIAN JOURNAL OF AGEING, 2019, 13 (05): : 626 - 637
  • [5] ECONOMIC GROWTH IN EUROPE
    Barrell, Ray
    [J]. NATIONAL INSTITUTE ECONOMIC REVIEW, 2007, 199 (01) : 65 - 68
  • [6] ECONOMIC PERSPECTIVES IN EASTERN-EUROPE
    ZYNIEWSKI, SJ
    [J]. POLITICAL SCIENCE QUARTERLY, 1960, 75 (02) : 201 - 228
  • [7] The economic cost of brain disorders in Europe
    Olesen, J.
    Gustavsson, A.
    Svensson, M.
    Wittchen, H. -U
    Jonsson, B.
    [J]. EUROPEAN JOURNAL OF NEUROLOGY, 2012, 19 (01) : 155 - 162
  • [8] DEVELOPMENT PERSPECTIVES OF THE WORLD-ECONOMY IN THE ECONOMIC AND GROWTH COMBINE OF THE USA, JAPAN AND EUROPE
    JURGENSEN, H
    [J]. JAHRBUCH FUR SOZIALWISSENSCHAFT, 1988, 39 (1-2): : 25 - 40
  • [9] Population aging and economic growth
    Futagami, K
    Nakajima, T
    [J]. JOURNAL OF MACROECONOMICS, 2001, 23 (01) : 31 - 44
  • [10] Support economic growth in Europe
    Hitzgerová, G
    [J]. POLITICKA EKONOMIE, 2003, 51 (05) : 745 - 748