Demographic Change and Fiscal Sustainability in Asia

Abstract

on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia's development and policy challenges; strengthen analytical rigor and quality of ADB's country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness.

Impact of Demographic Structure on Economic Development of Ukrainian Coastal Regions

“…Lee et al [9] make predictive calculations about the link between demographic changes and fiscal sustainability in Asian countries up to 2050. Based on the simple stylized model, the researchers identify that population aging could have a strong negative impact on the fiscal health of these economies.…”

Guest editors’ introduction: the impact of ageing and demographic change on local government

“…At the same time, since demographic decline undermines the viability of local labour markets, it impedes the capacity of local authorities to deliver these services. Furthermore, the ability of local government to fund these services and the requisite local infrastructure steadily weakens (Lee, Kim, and Park 2017). Local government thus becomes increasingly dependent on central government fiscal transfers and thereby subject to the vagaries of the national political will to finance interregional grant schemes.…”

Human Capital Spending, Inequality, and Growth in Middle-Income Asia

“…In the medium term, countries in the early stage of demographic transition have gained from a rising share of the working-age population relative to the young and elderly (Bloom and Williamson 1998, Kelley and Schmidt 2001, Mason 2001, and Mason and Lee 2007. The same demographic forces have improved fiscal health in developing Asia in the short run (Lee, Kim, and Park 2016). 1 The second demographic dividend stems from a scaling up of human capital investment and is associated with three main effects: higher consumption growth, greater physical capital per worker, and better and more human capital.…”