ErrataOpen Access

Erratum: Population Aging and Potential Growth in Asia

This article is an Erratum of
- Population Aging and Potential Growth in Asia

https://doi.org/10.1162/ADEV_x_00088Cited by:0 (Source: Crossref)

“Population Aging and Potential Growth in Asia”

by Keisuke Otsu and Katsuyuki Shibayama

Volume 33, Issue Number 2, pp. 56–73

The printed article contains inaccurate quantitative results due to a computational error. The corrections are indicated below in bold italics:

	•	Page 71, paragraph 1“The model without demographic effects predicts an average annual growth rate of *2.5%, while the benchmark model predicts an average annual growth rate of 2.3%. The demographic effect through government consumption increases the average annual growth rate by 0.06* percentage points. The demographic effect through the labor income tax and productivity reduces the average annual growth rate by *0.41* percentage points and *0.40* percentage points, respectively. The model with all channels included reduces the growth rate by *0.71* percentage points.”
	•	Page 72, paragraph 2“Overall, the population aging effect will dominate, reducing the average annual economic growth rate by *0.21* percentage points below its potential.”

The corresponding Table 3 and Figures 5a–5f are corrected as follows. In addition, the order of Figures 5c, 5d, and 5e in the printed article is incorrect. We have corrected the order below.

Corrected Table 3

**Table 3. Average Annual GDP Per Adult Growth Rates**
Model	Growth Rate	Difference from Benchmark (percentage points)
No Demographic Effects	2.50%	0.21%
Benchmark	2.29%	–
with Government Consumption	2.35%	0.06%
with Labor Income Tax	1.88%	−0.41%
with Productivity	1.89%	−0.40%
with All Channels	1.58%	−0.71%