Please use this identifier to cite or link to this item: http://repository.kln.ac.lk/handle/123456789/20336
Title: The Impact of Ageing Population on Economic Growth in South Asia
Authors: Abeywardhana, D.K.Y.
Keywords: demographic burden
economic growth
ageing population
South Asia
Issue Date: 2019
Publisher: Asian Social Science
Citation: Abeywardhana,D.K.Y.(2019).The Impact of Ageing Population on Economic Growth in South Asia. Asian Social Science; Vol.15, No.7. URL: https://doi.org/10.5539/ass.v15n7p70
Abstract: The share of working age population has declined all over the world. It is forecasted that this will continue for the coming years in all countries in South Asia. Low growth in working age population in South Asia will be effecting negatively for the economic growth. This paper studies whether the South Asia 2050 employment targets would be sufficient to compensate for the downward impact of demographic burden and whether the impact of demography on economic growth differs between South Asian countries. The results show that degreasing working age population is the main challenge the South Asian region faces. Further it shows that growth in GDP mainly depend on the demographic change. Population who contributed the economic development become maturing and dependents of their children. The consumption of the ageing population is very high as of higher spending on healthcare facilities. This effect badly on the economic growth in the region and cause lots of challenges to the nations.
URI: http://repository.kln.ac.lk/handle/123456789/20336
Appears in Collections:Accountancy

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