THE EFFECT OF AGING POPULATION, FERTILITY RATES, AND POPULATION GROWTH ON ECONOMIC GROWTH IN INDONESIA

Tomi Sah; Devi Valeriani

doi:10.37306/xx8dpw51

Authors

Tomi Sah Tsinghua University
Dr. Devi Valeriani, S.E., M.Si. Bangka Belitung University

DOI:

https://doi.org/10.37306/xx8dpw51

Keywords:

Population Growth, Aging Population, Fertility Rate, Economic Growth

Abstract

The declining fertility rate in Indonesia, coupled with an increasing aging population and continuous population growth, has become a national concern, leading to potential alterations in Indonesia’s economic landscape. This research delves into the ramifications of Indonesia's aging population, fertility rates, and population growth on its economic growth, employing a comprehensive analysis of time series data from 1961 to 2022. Utilizing multiple linear regression, this investigation aims to unveil the interconnectedness between demographic variables and economic advancement. This study found that the aging population has no statistically significant influence on economic growth. However, fertility rates demonstrate a notable negative impact on economic growth, while population growth showcases a significant positive influence on economic growth. These findings underscore the necessity for targeted policy interventions aimed at addressing demographic shifts to ensure sustainable economic development in Indonesia.

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