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.

中文翻译：

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新兴经济体的人口红利和经济增长：来自南盟国家的新证据

目的

该研究试图利用孟加拉国、印度、巴基斯坦、尼泊尔和斯里兰卡 1990 年至 2017 年的面板数据建立人口红利与 GDP 增长率之间的关系。

设计/方法/方法

本研究采用汇总 OLS 模型，使用世界银行数据库中 1990 年至 2017 年期间五个选定的南亚区域合作联盟 (SAARC) 国家的数据。

发现

结果表明，人口红利影响孟加拉国、印度、尼泊尔、斯里兰卡和巴基斯坦的经济增长，从而支持人口红利假说。对于国别分析，还观察到人口红利影响南盟五个国家的经济增长。此外，资本形成总额的增长对于汇总分析和特定国家分析都非常重要。然而，经济增长不受贸易开放和失业率的影响。此外，劳动力参与率与聚合模型中的 GDP 增长率呈负相关。

原创性/价值

本文揭示了这样一个事实，即如果劳动力未被充分利用，人口红利对南盟地区经济增长的影响就无法完全实现。该地区需要采取适当的政策，以加强人口红利对经济增长的可观效益。