The Influence Of Population Aging On Economic Growth

Whether the increasing aging of the population which has become one of the hot economic issues will bring negative effects to social and economic growth has attracted much attention.However,in these relationships,the role that financial development plays is important.Therefore,this paper discusses the role of financial development level in the impact of population aging on economic growth,which has certain practical significance to alleviate the negative economic effect of population aging and promote economic growth.This paper firstly analyzes the indirect transmission mechanism of population aging on economic growth through its influence on financial development.Then,it selects the relevant statistical data of 31 provinces and municipalities in China from 2002 to 2018,respectively using the mediating effect model and the spatial Durbin model to conduct empirical research on the mediating effect and spatial spillover effect of population aging on economic growth from the perspective of financial development.On this basis,this paper makes an empirical study on the regional heterogeneity of population aging and financial development on economic growth in China.The results show that the aging of population has an obvious negative impact on China's economic growth,and it has a significant negative space spillover effect on economic growth.Financial development will promote China's economic growth,and the financial agglomeration effect will produce positive space spillover to economic growth;The impact of population aging on economic growth can be indirectly transmitted through financial development,which is manifested as partial mediating effect.Population aging in our country,the influence of financial development to economic growth there is evident in the regional heterogeneity-zone in the eastern part of our country,an aging population brings to the regional economic growth significantly negative effects,and in the central and western regions,the aging of the population,there is no significant negative economic effects,financial development can promote the eastern regional economic growth in China,and on the central and western China economic growth is not obvious.