The Effects of Young and Ageing Population on Education Expenditure: The Case of China and India

Nur Haiza Nordin; Normaz Wana Ismail; Nur Naddia Nordin

doi:10.31686/ijier.vol2.iss9.240

Authors

Nur Haiza Nordin University Malaysia Kelantan, Malaysia
Normaz Wana Ismail Universiti Putra Malaysia
Nur Naddia Nordin Selangor International Islamic University College, Malaysia

DOI:

https://doi.org/10.31686/ijier.vol2.iss9.240

Keywords:

Young population, ageing population, education expenditure, China, India and ARDL model

Abstract

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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Author Biographies

Nur Haiza Nordin, University Malaysia Kelantan, Malaysia

Phd Candidate at UPM, Faculty of Economics and Management, Lecturer
Normaz Wana Ismail, Universiti Putra Malaysia

Associate Professor, Faculty of Economic and Management
Nur Naddia Nordin, Selangor International Islamic University College, Malaysia

Faculty of Management and Muamalah

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