The major structural and institutional changes have not been accounted for in the existing empirical studies of impact of demographic dividend on economic growth in China. This paper examines the impacts of demographi...The major structural and institutional changes have not been accounted for in the existing empirical studies of impact of demographic dividend on economic growth in China. This paper examines the impacts of demographic dividend on economic growth by using Error Correction Model and time series data from 1978 to 2008. The model incorporates variables representing structural change and institutional transition. Results show that fixed asset investment has the greatest influence on China＇s economic growth, followed by technological progress, institutional transition, and structural change. The impact of the demographic dividend is significant, but it has fewer shares to explain economic growth. Thus, in the future, with gradual disappearance of the demographic dividend, China needs to rely more on investment growth, technological progress, structure change and institutional transition.展开更多
文摘The major structural and institutional changes have not been accounted for in the existing empirical studies of impact of demographic dividend on economic growth in China. This paper examines the impacts of demographic dividend on economic growth by using Error Correction Model and time series data from 1978 to 2008. The model incorporates variables representing structural change and institutional transition. Results show that fixed asset investment has the greatest influence on China＇s economic growth, followed by technological progress, institutional transition, and structural change. The impact of the demographic dividend is significant, but it has fewer shares to explain economic growth. Thus, in the future, with gradual disappearance of the demographic dividend, China needs to rely more on investment growth, technological progress, structure change and institutional transition.
