Aging and savings in Korea: A time-series approach

Doh Khul Kim, Hyungsoo Kim

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


Thanks to numerous empirical research studies, a general consensus has been reached on the effects of an aging population on the economy, particularly in terms of economic growth and savings. However, most of the previous research examines the effects of the aging on economically advanced countries. Furthermore, rarely have those studies used the time-series properties of the data. By applying two popular time-series statistical tools (multivariate cointegration analysis and vector error correction model) to Korean data, this paper finds: (1) There is a long-run equilibrium linkage among the aging, medical expenditure and savings; however (2) there is no Granger-causality present between aging and national savings in the short run in Korea.

Original languageEnglish
Pages (from-to)374-381
Number of pages8
JournalInternational Advances in Economic Research
Issue number3
StatePublished - Aug 2006


  • Aging
  • CointegrationTest
  • Granger-causality
  • Savings
  • VECM

ASJC Scopus subject areas

  • Economics and Econometrics
  • Economics, Econometrics and Finance (all)


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