Does the Aging Population Become a Constraint to the Growth of Turkish Economy? New Evidence from Time Series Analysis

This study deals with the relationship between population aging and economic growth in Turkey during 1970-2018 includes domestic savings, consumption expenditures, financial development specification as additional variables. The Johansen ARDL bounds test for cointegration analysis were used. Moreover, DOLS CCR estimators used to estimate long-run coefficients. VECM causality procedure was employed analysis. findings revealed that variables are cointegrated. showed aging, negatively affected while savings expenditures positively related long-run. also indicated bidirectional exists all independent Therefore, this can provide several policy implications speed Turkish economy.