Your browser doesn't support javascript.
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 countriespopulations 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.
Keywords

Full text: Available Collection: Databases of international organizations Database: ProQuest Central Language: English Journal: Sustainability Year: 2022 Document Type: Article

Similar

MEDLINE

...
LILACS

LIS


Full text: Available Collection: Databases of international organizations Database: ProQuest Central Language: English Journal: Sustainability Year: 2022 Document Type: Article