The Relationship between Economic Indicators and Population Aging in Slovakia

The aim of the paper is to identify the relationships between economic and demographic indicators in the Slovak Republic by NUTS 3 over a 10-year period. The demographic indicators used in the analysis are population, share of seniors, crude migration rate, crude mortality rate, crude fertility rate and economically active population. The economic indicators were GDP per capita, Gini coefficient and poverty risk rate. We used panel data models. It can be concluded that the population, the share of the seniors, the crude migration balance and the crude mortality rate have a positive effect on GDP per capita. Particularly surprising is the result of the analysis concerning the share of seniors, as GDP per capita is expected to grow in the next period as the share of seniors in the population increases. The share of seniors, the crude migration balance and the share of the economically active population have a negative impact on the poverty risk ratio.