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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).
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SINGAPORE ECONOMIC REVIEW
ISSN: 0217-5908
Year: 2021
Issue: 06
Volume: 66
Page: 1733-1758
1 . 7 3 6
JCR@2021
1 . 5 0 0
JCR@2023
ESI Discipline: ECONOMICS & BUSINESS;
ESI HC Threshold:98
JCR Journal Grade:3
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SCOPUS Cited Count:
ESI Highly Cited Papers on the List: 0 Unfold All
WanFang Cited Count:
Chinese Cited Count:
30 Days PV: 2
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