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The Impact of Aging on Economic Growth Based on Health Investment and Technological Innovation: An Empirical Study from China

机译:基于卫生投资和技术创新的经济增长的老龄化影响:中国的实证研究

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Will aging definitely depress economic growth? Based on the panel data of 31 provinces in China from 2007 to 2017, this paper proposes research hypotheses from the perspective of health investment and technology innovation and then conducts an empirical test of fixed effects panel model based on the Cobb-Douglas production function to prove the relationship between aging and economic growth. Consistent with the mainstream literature, this paper finds that aging does have a significant negative impact on economic growth, that is, for every 1% of population aging, economic growth will decrease 0.089%, but the interaction between aging and health investment or aging and technological innovation on economic growth is significantly positive, namely 0.061%, 0.087% respectively. This means that aging can notably promote economic growth through the paths of health investment and technological innovation. Obviously, The final effect of aging on economic growth depends on the combination of negative effect and positive effect. The findings of this research suggest giving full play to the economic effects of health investment and technological innovation, so as to realize the balanced development of healthy aging, innovation leading, and economic growth.
机译:老化肯定会抑制经济增长吗?根据2007年至2017年中国31个省份的面板数据,本文提出了从卫生投资和技术创新的角度研究假设,然后基于Cobb-Douglas生产函数的固定效果面板模型进行了研究老龄化与经济增长之间的关系。本文符合主流文献,本文发现老龄化对经济增长产生了显着的负面影响,即每1%的人口老龄化,经济增长将减少0.089%,但老龄化和卫生投资与衰老之间的互动经济增长的技术创新显着呈阳性,即0.061%,0.087%。这意味着老龄化可以通过卫生投资和技术创新的路径尤其促进经济增长。显然,老龄化对经济增长的最终效果取决于负面影响和积极效应的组合。本研究的调查结果表明,充分发挥卫生投资和技术创新的经济影响,以实现健康老龄化,创新和经济增长的均衡发展。

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