Journal of Northeastern University(Social Science) ›› 2018, Vol. 20 ›› Issue (1): 19-26.DOI: 10.15936/j.cnki.1008-3758.2018.01.004

• Economics and Management • Previous Articles     Next Articles

Demographic Structure, Economic Growth and China's Social Welfare Level

HE Jun, CHENG Jia-min, WAN Hong-yan   

  1. (School of Management, University of Science and Technology of China, Hefei 230026, China)
  • Received:2017-05-10 Revised:2017-05-10 Online:2018-01-25 Published:2018-01-19
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Abstract: The classic Ramsey(1928) model is expanded and and the Hamilton function is built to explore the dynamic relationship among demographic structure, economic growth and social welfare. Then, based on China's provincial panel data from 2005 to 2016, the empirical results show that: the youth dependency ratio and the total dependency ratio are negatively correlated with social welfare level, the elderly dependency ratio is positively associated with social welfare level to some extent, and economic growth is harmful to social welfare level. Furthermore, the regional analysis suggests that economic growth restrains the improvement of social welfare in the east and central regions, while economic growth in the western areas promotes the level of social welfare.

Key words: endogenous growth, demographic structure, economic growth, social welfare level

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