Analysis Of The Impact Of Population Aging On Economic Growth

Population aging has become a main trend in today’s world,and it has extremely influence to the economic,cultural,political,and social.C hina is also facing the challenge of ageing population.With the accelerating pace of population aging,the problem that aging getting old before being rich has become indisputable reality.In this background,If we want to understand the relationship between population aging and economic growth,we have to be thoroughly study the effect of population age structure change of economic growth,through a comprehensive understanding of the present situation of the aging of the population in our country,to make better use of this characteristic in the future and formulate relevant for economic sustainable development to provide the reference.Combining with qualitative and quantitative analysis,we use ageing and economic development of relevant data in six provinces and cities in southwest in this paper,using the research methods of combination of theory and empirical analysis to study the influence of population aging on economic growth in southwest China.The article have four steps: first of all,the papers has a systematic review and commented of foreign and domestic relevant literature about the relationship between the population aging and savings,investment,economic growth and labor supply.Secondly,analyzing changes in population age structure in China in recent years,and introduce fully the southwest region’s current population,mainly including the population age structure change、children’s dependency ratio、elderly dependency ratio and total dependency ratio,finally summarizes the characteristics of China’s ageing population;Third ly,building the expansion of cobb—Douglas(C—D)production function model,and to join factors of the share of working-age population,population bring-up ratio are derived the influence of the change of population structure on economic growth through mathematical,and then collected the 1995-2013 panel data in southwest China to establish a static and dynamic panel model,verify the influence of population aging on economic growth of southwest conform to the theory,and further make the sensitivity test,robust regression results are obtained.The empirical results show that an ageing population exist s negative effect on economic growth,the proportion of working-age population has positive effects on economic growth,and dependency ratio on economic growth has a negative impact,in addition,we found that the human capital investment and savings rate also has significant positive promoting effect on economic growth,and because of affected by unemployment,labor participation rate does not conform to the theoretical derivation results,but overall,the labor participation rate for the net effect of eco nomic growth is still positive.At the end of the paper,under the background of population aging,according to the empirical results and combined with the actual situation of southwest in C hina,we put forward relevant policy Suggestions for the sustainable development of the economy,mainly includes the following aspects: Paying attention to quality education,and accelerating the human capital investment,improving the quality of the workers to better meet the needs of social economy;Establish and perfect the old social security system,mainly to establish urban and rural old-age security system and improve the elderly health care system;Adjust the birth policy,implements the birth allowance;Elderly talent resources development;Guide consumption,de velop the aging industry,development of old products;To speed up the economic development,increase of the aging of the population.