DOES THE AGING POPULATION BECOME A CONSTRAINT TO THE GROWTH OF TURKISH ECONOMY? NEW EVIDENCE FROM TIME SERIES ANALYSIS
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Dosyalar
Tarih
2021
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study deals with the relationship between population aging and economic growth inTurkey during 1970-2018 and includes domestic savings, consumption expenditures, and financialdevelopment in the growth specification as additional variables. The Johansen and ARDL boundstest for cointegration analysis were used. Moreover, DOLS and CCR estimators were used toestimate the long-run coefficients. The VECM causality procedure was employed for causalityanalysis. The findings revealed that the variables are cointegrated. The findings showed thatpopulation aging, and financial development negatively affected economic growth while domesticsavings and consumption expenditures were positively related to economic growth in the long-run.The findings also indicated that bidirectional causality exists between all the independent variablesand economic growth in the long-run. Therefore, this study can provide several policy implicationsto speed economic growth in the Turkish economy.
Açıklama
Anahtar Kelimeler
Turkey, Population aging, economic growth, ARDL, causality test
Kaynak
Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
0
Sayı
58
