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Impact of Demographic Dividend on Economic Growth

A Study of BRICS and the EU

Bibliographic Data

ID9976573
AuthorsRoli Misra (0000-0002-8874-0198, University of Lucknow, corresponding author)
Year2015
Volume52
Issue1-4
Pages99-117
Publication date2015-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Studies (JOURNAL)
Journal identifiersISSN: 0020-8817 • E-ISSN: 0973-0702
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.1177/0020881717714685
OpenAlexW2777372326
LanguageEN
Citations received6
References cited8

As the countries pass through the different stages of demographic transition in their process of development, a window of a demographic opportunity opens in the phase of rapidly declining infant mortality. The result is an increase in the share of young adults in the population leading to a ‘youth bulge’. This bulge is indicative of a large share of the working ages in the population which yield a demographic dividend and a low dependency ratio. The dividend, however, is transient. The lower fertility will eventually reduce the growth rate of this potential labour force along with mortality speeding the growth of elderly population. Thus, countries need to ensure timely implementation of effective policies to realize the dividend. In this background, this article attempts to study how economic growth of any country gets influenced by its demographic dividend. In this study, we have selected Brazil, Russia, India, China and South Africa (BRICS) and the European Union to see this relationship between two variables economic growth and demographic dividend using fixed effect model covering a period of 1990–2015. The results from regression equation exhibit that relationship between GDP growth rate and demographic dividend is positive thus, validating our hypothesis that demographic dividend has a positive impact on economic growth

China · Demographic dividend · Demographic economics · Demographic transition · Dependency ratio · Development economics · Dividend · Dividend policy · Dividend yield · Economics · Fertility · Geography · Population · Population ageing · Population growth · Yield (engineering · Demography · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Global Health Care Issues

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    Open Access•Mihajlo Jakovljević, Yuriy Timofeyev et al.•Globalization and Health•2020

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    Open Access•Ashmita Kesar, Bandi Kamaiah et al.•Journal of Public Affairs•2022

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    Open Access•Stéphane Mbiankeu Nguea•Sustainable Development•2023

  • Spurring Economic Growth through Human Development

    Open Access•David E Bloom, Alexander Khoury et al.•Population and Development Review•2021

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    D M Bloom, D E Bloom et al.•The World Bank Economic Review•1998

  • Specification Tests in Econometrics

    Jerry A Hausman•Econometrica•1978

  • The conditions of agricultural growth

    Ester Boserup, Robert Chambers•Conditions of Agricultural Growth•2014

  • The Demographic Dividend

    David E Bloom, David Bloom et al.•The demographic dividend•2003

  • An Essay on the Principle of Population (1798)

    THOMAS MALTHUS, Björn-Ola Linnér•Future of Nature•2013

  • Saving, dependency and development

    Open Access•Allen C Kelley, Robert M Schmidt•Journal of Population Economics•1996

Unique citing works6
Citations per year1
Citation span2020 - 2023 (4)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 6

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