Is Winter Coming in Population Aging and Technological Progress: Empirical Evidence from OECD Countries

DENG Xiang; ZHANG Wei; WAN Chun-lin

Volume 34 Issue 6

May 2021

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DENG Xiang, ZHANG Wei, WAN Chun-lin. Is Winter Coming in Population Aging and Technological Progress: Empirical Evidence from OECD Countries[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 11-23.

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DENG Xiang, ZHANG Wei, WAN Chun-lin. Is Winter Coming in Population Aging and Technological Progress: Empirical Evidence from OECD Countries[J]. Journal of Guangdong University of Finance & Economics, 2019, 34(6): 11-23.

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Is Winter Coming in Population Aging and Technological Progress: Empirical Evidence from OECD Countries

School of Economics, Sichuan University, Chengdu 610065, China

Received Date: 2019-08-19
Available Online: 2021-05-27
Publish Date: 2021-05-27

Abstract

Abstract

On the basis of reviewing the relationship between population aging and technological progress, and using the cross-border panel data of 36 OECD member countries from 1990 to 2017, this paper empirically investigates the effect of population aging on technological progress. The empirical results show that: at present, the effect of population aging on technological progress is significantly positive, and its internal mechanism may be that families and enterprises have made the optimal response to population aging, which makes the positive effect of population aging on technological progress higher than its negative effect; at present, the population aging of OECD countries has not hindered technological progress, which is still valid by using alternative variables, reverse causal identification and other methods for robustness test. The findings are conducive to a correct understanding of the impact of population aging on technological progress, which can reduce the negative effects of population aging on technological progress.
- population aging,
- technological progress,
- total factor productivity,
- OECD,
- economic growth,
- innovation input

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References(30)

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