Please use this identifier to cite or link to this item: https://rda.sliit.lk/handle/123456789/3410
Title: The cost of aging: Economic growth perspectives for Europe
Authors: Jayawardhana, T
Jayathilaka, R
Nimnadi, T
Anuththara, S
Karadanaarachchi, R
Galappathth, K
Dharmasena, T
Keywords: Economic growth
perspectives
Europe
cost of aging
Issue Date: 23-Jun-2023
Publisher: PLOS ONE
Citation: : Jayawardhana T, Jayathilaka R, Nimnadi T, Anuththara S, Karadanaarachchi R, Galappaththi K, et al. (2023) The cost of aging: Economic growth perspectives for Europe. PLoS ONE 18(6): e0287207. https://doi.org/10.1371/journal. pone.0287207
Series/Report no.: PLoS ONE;18(6): e0287207
Abstract: This study explores the causal relationship between the economy and the elderly population in 15 European countries. The economy was measured by the Per Capita Gross Domestic Product growth rate, while the population aged above 65 as a percentage of the total was considered the elderly population. The data were obtained from a time series dataset published by the World Bank for six decades from 1961 to 2021. The Granger causality test was employed in the study to analyse the impact between the economy and the elderly population. An alternate approach, wavelet coherence, was used to demonstrate the changes to the relationship between the two variables in Europe over the 60 years. The findings from the Granger causality test indicate a unidirectional Granger causality from the economy to the elderly population for Luxembourg, Austria, Denmark, Spain, and Sweden, while vice versa for Greece and the United Kingdom. Furthermore, for Belgium, Finland, France, Italy, Netherlands, Norway, Portugal, and Turkey, Granger causality does not exist between the said variables. Moreover, wavelet coherence analysis depicts that for Europe, the elderly population negatively affected the economic growth in the 1960s, and vice versa in the 1980s.
URI: https://rda.sliit.lk/handle/123456789/3410
ISSN: 1932-6203
Appears in Collections:Department of Information Management
Research Papers - Dept of Information of Management
Research Papers - SLIIT Staff Publications

Files in This Item:
File Description SizeFormat 
73_The cost of aging.pdf2.18 MBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.