Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries
Purpose The study attempts to establish the relationship between demographic dividend and GDP growth rate by utilising panel data from 1990 to 2017 in Bangladesh, India, Pakistan, Nepal and Sri Lanka. Design/methodology/approach This study employs the pooled OLS model, using data from the World Bank...
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my.um.eprints.349422022-05-25T02:38:20Z http://eprints.um.edu.my/34942/ Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries Jafrin, Nusrat Mahi, Masnun Masud, Muhammad Mehedi Ghosh, Deboshree HB Economic Theory Purpose The study attempts to establish the relationship between demographic dividend and GDP growth rate by utilising panel data from 1990 to 2017 in Bangladesh, India, Pakistan, Nepal and Sri Lanka. Design/methodology/approach This study employs the pooled OLS model, using data from the World Bank's database for the period 1990-2017 for five selected South Asia Association for Regional Cooperation (SAARC) countries. Findings The results reveal that demographic dividend affects economic growth in Bangladesh, India, Nepal, Sri Lanka and Pakistan, thereby supporting the demographic dividend hypothesis. For the country-specific analysis, it was also observed that demographic dividend impacts the economic growth of the five SAARC countries. In addition, growth of gross capital formation is highly significant for both aggregated and country-specific analyses. However, economic growth is unaffected by trade openness and unemployment rates. Moreover, the rate of labour force participation is negatively related to the GDP growth rate in the aggregated model. Originality/value This paper bestows insight into the fact that the impact of demographic dividend on the economic growth of the SAARC regions cannot be fully actualised if the workforce are underutilised. This region needs to adopt appropriate policies to strengthen the considerable benefits of demographic dividend on the economic growth. Emerald 2021-07-13 Article PeerReviewed Jafrin, Nusrat and Mahi, Masnun and Masud, Muhammad Mehedi and Ghosh, Deboshree (2021) Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries. International Journal of Social Economics, 48 (8). pp. 1159-1174. ISSN 0306-8293, DOI https://doi.org/10.1108/IJSE-08-2020-0588 <https://doi.org/10.1108/IJSE-08-2020-0588>. 10.1108/IJSE-08-2020-0588 |
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HB Economic Theory Jafrin, Nusrat Mahi, Masnun Masud, Muhammad Mehedi Ghosh, Deboshree Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
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Purpose The study attempts to establish the relationship between demographic dividend and GDP growth rate by utilising panel data from 1990 to 2017 in Bangladesh, India, Pakistan, Nepal and Sri Lanka. Design/methodology/approach This study employs the pooled OLS model, using data from the World Bank's database for the period 1990-2017 for five selected South Asia Association for Regional Cooperation (SAARC) countries. Findings The results reveal that demographic dividend affects economic growth in Bangladesh, India, Nepal, Sri Lanka and Pakistan, thereby supporting the demographic dividend hypothesis. For the country-specific analysis, it was also observed that demographic dividend impacts the economic growth of the five SAARC countries. In addition, growth of gross capital formation is highly significant for both aggregated and country-specific analyses. However, economic growth is unaffected by trade openness and unemployment rates. Moreover, the rate of labour force participation is negatively related to the GDP growth rate in the aggregated model. Originality/value This paper bestows insight into the fact that the impact of demographic dividend on the economic growth of the SAARC regions cannot be fully actualised if the workforce are underutilised. This region needs to adopt appropriate policies to strengthen the considerable benefits of demographic dividend on the economic growth. |
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Article |
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Jafrin, Nusrat Mahi, Masnun Masud, Muhammad Mehedi Ghosh, Deboshree |
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Jafrin, Nusrat Mahi, Masnun Masud, Muhammad Mehedi Ghosh, Deboshree |
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Jafrin, Nusrat |
title |
Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
title_short |
Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
title_full |
Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
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Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
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Demographic dividend and economic growth in emerging economies: fresh evidence from the SAARC countries |
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demographic dividend and economic growth in emerging economies: fresh evidence from the saarc countries |
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Emerald |
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2021 |
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http://eprints.um.edu.my/34942/ |
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