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DOES POPULATION AGING INCREASE PORK TRADE IN ASIA?

DOES POPULATION AGING INCREASE PORK TRADE IN ASIA? This paper estimates the impact of population aging on bilateral pork trade between 32 Asian countries (regions) by using a gravity model that incorporates old-age dependency ratio variables. The Poisson pseudo-maximum-likelihood regression performs better than the ordinary least-squares method in the estimations. An aging labor force stimulates pork exports because it reduces pork production costs by supplying the pork industry with low-wage older laborers. An aging consumer-based economy increases pork imports because older consumers usually have higher incomes. Population aging has both a time characteristic and a country characteristic on pork trade in Asia. Increasing birth rates and reforming the pork industry from the supply side are two feasible policy recommendations for aging Asian countries (regions). http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Singapore Economic Review World Scientific Publishing Company

DOES POPULATION AGING INCREASE PORK TRADE IN ASIA?

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Publisher
World Scientific Publishing Company
ISSN
0217-5908
eISSN
1793-6837
DOI
10.1142/S0217590818420055
Publisher site
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Abstract

This paper estimates the impact of population aging on bilateral pork trade between 32 Asian countries (regions) by using a gravity model that incorporates old-age dependency ratio variables. The Poisson pseudo-maximum-likelihood regression performs better than the ordinary least-squares method in the estimations. An aging labor force stimulates pork exports because it reduces pork production costs by supplying the pork industry with low-wage older laborers. An aging consumer-based economy increases pork imports because older consumers usually have higher incomes. Population aging has both a time characteristic and a country characteristic on pork trade in Asia. Increasing birth rates and reforming the pork industry from the supply side are two feasible policy recommendations for aging Asian countries (regions).

Journal

The Singapore Economic Review – World Scientific Publishing Company

Published: Dec 27, 2021

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