The Effects of Young and Ageing Population on Education Expenditure
The Case of China and India
DOI:
https://doi.org/10.31686/ijier.vol2.iss9.240Keywords:
Young population, ageing population, education expenditure, China, India and ARDL modelAbstract
The motivation of the study is to analyze the impact of young and ageing population on education expenditure in China and India as demographic projection forecast that the percentage of population in India are increasing overtime. The used of long time series data of China and India from 1970 to 2011 helps us to identify the long-run relationship between young and ageing population and education expenditure. The result of the bound test showed that there is a stable long-run relationship between young population and education expenditure, while ageing population is negative relationship with education expenditure. In fact, short-term and long-term result revealed that the young population influences education expenditure in China and India.
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