Recent data shows that the aging population in many Asian economies is getting larger in their demographic structure. According to the life-cycle theory of saving, people save during their working age...

Extracted text: Recent data shows that the aging population in many Asian economies is getting larger in their demographic structure. According to the life-cycle theory of saving, people save during their working age and dissave when they are retired; consequently, given that the working population is shrinking, a researcher worries that the national saving rate in many Asian economies most likely would decrease in the foreseeable future. Discuss the implication of the above-mentioned issue to economic growth under the framework of the Solow growth model.