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The Impact Of Population Aging On Economic Growth In Botswana
This study sought to find out if population aging had a negative impact on economic growth in Botswana for the period 1980-2012. To achieve this, the study adopted the Muggeride (2010) model and modified it to fit data available in Botswana. This model used GDP per capita as a proxy for economic growth, change in youth age share and change in old age share as a proxy for youth dependency ratio and old dependency ratio respectively to measure the effect of population aging on economic growth. Youth and old age shares, average years of secondary schooling and institutional quality were also included as explanatory variables among others. Unit root tests were carried out using the Augmented Dic
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