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Aging and Economic Growth in the Pacific Region (Paperback)
Loot Price: R1,489
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Aging and Economic Growth in the Pacific Region (Paperback)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 10 - 15 working days
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The Pacific region is in the final stage of the demographic
transition with declining fertility and expanding life expectancy,
where significant changes in population size and age distribution,
i.e. "aging" have been and will be witnessed. They are
unprecedented and going to affect economic growth in various ways.
This book focuses on the Pacific region, one of the most rapidly
aging regions, and examines the possible risk aspects.
Particularly, the book takes into account of possible adjustments
both endogenous and exogenous (including policy responses) to the
new reality of aging population. It also assesses their
quantitative influences on the growth impact of aging population,
which might be very different from those in the past experience.
The book highlights the doubts on the steadiness across periods and
similarities across economies of parameters relevant to labor
market participation, saving and investment of private sectors, and
productivity growth, which a bulk of prior studies were crucially
based on. Policy measures to enhance labor supply, domestic savings
and productivity have been scrutinized. The book discusses the
policy alternatives in practice and their implementations and/or
planning of each category across regional economies.
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