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Population Age Structure, Saving Rate impacts on Economic Growth: Myanmar Case

Lar, Ni and Taguchi, Hiroyuki (2020): Population Age Structure, Saving Rate impacts on Economic Growth: Myanmar Case.

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Abstract

This paper is trying to examine the impacts of the dependency rate on per capita GDP growth of Myanmar for the period of 1970-2018. Under VAR model framework, the impacts of population age structure (young and old dependency ratio) and saving rate (% of GDP) on economic growth of Myanmar has been searched. Any short run relationship among variables cannot be shown by Granger causality test. In the long run, VEC model has proved that population age structure and saving rate have negatively and positively on per capita GDP growth of Myanmar economy during study period. But its negative age structure effect is bigger than positive saving rate and therefore, Myanmar saving policy should be associated with age structure change. However, Myanmar has still a population bonus needed to utilize efficiently before it ends so that Myanmar could not face the problem of unemployment, and rural poverty

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