Does Population Aging Impact China's Economic Growth?

Qiuxing Chen; Qiaozhu Chi; Yang Chen; Oleksii Lyulyov; Tetyana Pimonenko

doi:10.3390/ijerph191912171

Does Population Aging Impact China's Economic Growth?

Int J Environ Res Public Health. 2022 Sep 26;19(19):12171. doi: 10.3390/ijerph191912171.

Authors

Qiuxing Chen¹, Qiaozhu Chi², Yang Chen¹, Oleksii Lyulyov³, Tetyana Pimonenko³

Affiliations

¹ School of Economics, Fujian Normal University, Fuzhou 350117, China.
² School of Finance and Accounting, Fujian Business University, Fuzhou 350500, China.
³ Department of Marketing, Sumy State University, 40007 Sumy, Ukraine.

Abstract

The rapid aging of the population presents great challenges in terms of China's social security expenditure and economic growth. This paper uses the entropy method to comprehensively measure the provincial population aging index in 2008-2019 and constructs an intermediary effect model with it as the core explanatory variable. The results show that the population aging has a significant positive impact on economic growth and on the promotion of the economic growth of more developed areas; it also has a positive impact on the endowment insurance expenditure and medical and health expenditure and on the promotion of economically backward areas. Endowment spending and health spending fully mediate the relationship between population aging and economic growth.

Keywords: economic growth; endowment insurance expenditure; medical and health care expenditure; population aging.

Publication types

Research Support, Non-U.S. Gov't

MeSH terms

China / epidemiology
Economic Development*
Health Expenditures*
Insurance, Health

Grants and funding

This research was funded by the Fujian Provincial Social Science Fund Project: Research on the public welfare effect of Fujian Provincial State-owned Equity Transfer to Social Security Fund under the Background of Deep Aging (No.: FJ2020B032).