Economy and elderly population, complementary or contradictory: A cross-continental wavelet coherence and cross-country Granger causality study.

ABSTRACT: The aim of this study is to explore the causal relationship between the economy and the elderly population globally as well as continent-wise. This research was designed as a continent-wide study to investigate the differences between several regions simultaneously. The economy was measured by the Gross Domestic Product (GDP) per capita growth rate while the population aged above 65 as a percentage of the total was considered the elderly population. A panel dataset published by the World Bank for a period of six decades from 1961 to 2020 covering 84 countries was used as data for the analysis. Wavelet coherence was the methodology used for the study since it was considered suitable to present causality as well as the causal direction between the two variables for different sections during

SUBMITTER: Galappaththi K 

PROVIDER: S-EPMC9879505 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature