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This paper examines the effect of old-age dependency ratio on the share of consumption in gross domestic product. The authors compare this relationship in Asian economies relative to the rest of the world. The findings suggest that the positive effect of the old-age dependency ratio on consumption share in Asia is weaker than that for the rest of the world. This implies that the aging population in Asia may not be contributing as significantly to robust consumption and domestic demand as it does in the rest of the world. The authors argue that in order to rebalance their economies, developing Asian governments must therefore continue to pursue a wide range of policies to promote stronger domestic demand.

Data Resources (1)

Data Resource Preview - Population aging and aggregate consumption in developing Asia

Additional Info

Field Value
Document type Analysis, discussion papers, and blogs
Language of document
  • English
  • Economy and commerce
  • Public health assistance funding
  • The aged assistance funding
  • The aged policy and administration
Geographic area (spatial range)
  • Cambodia
  • Viet Nam
  • Lao People's Democratic Republic
  • Thailand
  • Myanmar
  • China
Copyright Yes
Access and use constraints

License: CC BY 3.0 IGO.

Version / Edition 1.0
License CC-BY-4.0

Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines

Co-author (individual) Estrada,Gemma,Park,Donghyun,Ramayandi, Arief
Publication place Philippines
Publisher Asian Development Bank
Publication date 2011
General note

Available from:

Date uploaded June 12, 2015, 07:53 (UTC)
Date modified June 24, 2015, 06:44 (UTC)