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The impact of ageing population on Malaysian economic growth

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dc.contributor.authorYusuf M.M.en_US
dc.contributor.authorMohamed S.en_US
dc.contributor.authorAli Basah M.Y.en_US
dc.date.accessioned2024-05-29T02:06:36Z
dc.date.available2024-05-29T02:06:36Z
dc.date.issued2020
dc.descriptionASM Science Journal, Volume 13, 2020en_US
dc.description.abstractAn ageing population is a worldwide phenomenon, as the results of improvement in mortality rates and drops in fertility rate over the past century. Previously, this trend was focused among the developed countries of Europe and North America but over the past 20 years, the ageing population has started to grow in the developing countries, especially countries of Southeast Asia such as Malaysia. Given changes in fertility and improving life expectancy, the figure is expected to increase significantly. According to the Department of Statistics Malaysia, it is estimated that 6.5% of the total population is aged 65 and above in 2018 and this figure is expected to increase to 14.5% in 2040. With the current changes in the demographic trend, it is expected that there will be changes in the amount of savings and this could also lead to changes in the economic performances in the future. Thus, the main objective of this study is to examine the impact of the ageing population on economic growth in Malaysia by using annual data from the year 1985 to 2016. Total fertility rates, life expectancy, labour force participation rate and old-dependency ratio are variables that are used in the study. These data were analysed using Multiple Linear Regression Model and the results indicate that Malaysia is expected to experience the ageing population in the future and that it gives effect towards Malaysian's economic growth. 2020, Akademi Sains Malaysia.en_US
dc.identifier.doi10.32802/asmscj.2020.sm26(1.24)
dc.identifier.issn18236782
dc.identifier.scopus2-s2.0-85087348111
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85087348111&doi=10.32802%2fasmscj.2020.sm26%281.24%29&partnerID=40&md5=8116d293761ba3a14e87d9c0a7e72abf
dc.identifier.urihttps://www.akademisains.gov.my/asmsj/article/the-impact-of-ageing-population-on-malaysian-economic-growth/
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10369
dc.identifier.volume13
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherAkademi Sains Malaysiaen_US
dc.relation.ispartofASM Science Journalen_US
dc.sourceScopus
dc.subjectAgeing populationen_US
dc.subjectEconomic growthen_US
dc.subjectFertility ratesen_US
dc.subjectLabour force participationen_US
dc.subjectLife expectancyen_US
dc.subjectOld-dependency ratioen_US
dc.titleThe impact of ageing population on Malaysian economic growthen_US
dc.typeArticleen_US
dspace.entity.typePublication

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