The cost of aging: Economic growth perspectives for Europe.

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

SUBMITTER: Jayawardhana T 

PROVIDER: S-EPMC10289460 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature