Digital Transformation as a Demographic and Economic Integrated Policy for Southeast Asian Developing Countries
Sustainability
; 14(5):2857, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1742666
ABSTRACT
The age of Southeast Asian developing countries’ populations is still younger than that of other regions around the world. However, recent statistics show that the tide is now turning in this regard, with many of these populations beginning to age at rates much faster than many other countries. Such developments require immediate policy action in order to create a sustainable path towards economic growth before demographic changes become less benign in the medium term. In this study, we discuss the economic consequences of population aging, increases in the economic support ratio, and a declining potential growth rate. We argue that it is essential for Southeast Asian developing countries to raise total factor productivity (TFP) growth rates so as to achieve more sustainable economic outcomes. By conducting panel regressions using data from 82 countries across the 1996–2019 study period, our study shows that increasing research and development (R&D) spending and the facilitation of structural changes that transform the digital economy landscape are key policy options that promote TFP growth.
Environmental Studies; Southeast Asian developing countries; demographic transition; sustainable economic growth; digital economy; Birth rate; Population; Growth rate; Demographics; Productivity; Economic growth; Economic development; Developing countries--LDCs; Research & development--R&D; Older people; Aging; Economics; COVID-19; Life expectancy; Age; Populations; Society; Fertility; Brunei; Southeast Asia; Vietnam; Singapore; Myanmar (Burma); Timor-Leste; Thailand; Indonesia
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Sustainability
Year:
2022
Document Type:
Article
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