Aging Population, Inflation and Economic Growth
DOI:
https://doi.org/10.54097/fbem.v4i1.398Keywords:
Population aging, Inflation, Economic growth, BVAR modelAbstract
With the acceleration of China's aging process, economic growth is affected by population aging to a certain extent, which is universal and special to the world, as China is not only the largest developing country in the world, but also the country with the largest aging population in the world. The impact of aging population structure on economic growth cannot be ignored. Among all economic problems, inflation has always been the most prominent one. Inflation rate measures the overall price level of a country. The average price level of an economy not only measures the monetary purchasing power of its residents, but also is a necessary condition for the smooth operation of the economy. Hence, too high or too low price level will restrict economic growth. Starting from the impact of aging structure on economic growth and inflation rate, this thesis discusses the relationship between aging population structure and economic growth, inflation as well.
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