Czasopismo
Tytuł artykułu
Warianty tytułu
Języki publikacji
Abstrakty
Aim/purpose - The demographic dividend, defined as the proportion of working age to the rest of the population, is an opportunity seen mainly in developing countries, resulting from demographic transition. Efforts to maximize gains from it are crucial, especially for the Arabian Gulf states, where labor force demands are met at the danger of native youth unemployment that leads to issues of human resources utilization. This research on Saudi Arabian demographic dividend aims at tracking changes in the age structure, labor force participation, and prospects leading to economic gains. Design/methodology/approach - Data from various sources such as censuses (1974, 1992, 2004, and 2010), national labor force surveys 1999-2017 and United Nations (UN) Population Prospects are compiled and statistically analyzed with a historical approach for calculations of age distribution, median age, and labor force participation adopting standard procedures. Findings - An age structural transition occurred: percentage of population 15-64 years increased from 47.2% to 67.3%, increasing the dividend from 89.6% to 205.5%. This influenced the labor force's sectoral distribution, and Gross Domestic Product (GDP) per working age population. Research implications/limitations - The dividend's first phase, since 2000, is expected to last until 2050, followed by the second dividend which may last longer. Along with the dividend, there shall be policies executed to reap the benefits, including scientifically planned recruitment of potential candidates in various professions, both in public and private sectors. Originality/value/contribution - This research concerns a population, which is unexplored in detail, especially at a macro level. Thus, such an in-depth analysis seeks importance in revealing special demographic dimensions to a wider international audience. There are no such studies conducted in Saudi Arabia, with a national perspective helpful for revamping efforts to boost labor force reforms and to make maximum gain during the short-lived demographic dividend period. (original abstract)
Rocznik
Numer
Strony
19--37
Opis fizyczny
Twórcy
autor
- King Saud University, Riyadh, Kingdom of Saudi Arabia
autor
- King Saud University, Riyadh, Kingdom of Saudi Arabia
autor
- Universiti Teknologi MARA, Malaysia
Bibliografia
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- Cai, F. (2020). The second demographic dividend as a driver of China's growth. China & World Economy, 28(5), 26-44. https://doi.org/10.1111/cwe.12350
- Cuaresma, C. J., Lutz, W., & Sanderson, W. (2014). Is the demographic dividend an education dividend? Demography, 51(1), 299-315. https://doi.org/10.1007/s13524-013-0245-x
- Dramani, L., & Oga, I. J. B. (2017). Understanding demographic dividends in Africa: The NTA approach. Journal of Demographic Economics, 83(1), 85-101. Retrieved from https://ideas.repec.org/a/cup/demeco/v83y2017i1p85-101_9.html
- Espineira, J. C. A. C. (2019). Cuba. Demographic ageing and dividend. Challenges to development. Novedades en poblacion, 15(30), 46-63.
- van der Gaag, N. V., & de Beer, J. (2015). From demographic dividend to demographic burden: The impact of population ageing on economic growth in Europe. The Hague: Netherland Interdisciplinary Demographic Institute. Retrieved from https://pure.knaw.nl/portal/en/publications/from-demographic-dividend-to-demographic-burden-the-impact-of-pop
- Gribble, J. N., & Bremner, J. (2012). Achieving a demographic dividend. Population Bulletin, 67(2), 1-13. Retrieved from https://www.prb.org/wp-content/uploads/2012/01/Population-Bulletin-2013-67-2-demographic-dividend.pdf
- Groth, H., & May, J. F. (2017). Conclusions. In H. Groth & J. F. May (Eds.), Africa's population: In search of a demographic dividend (pp. 497-501). Cham: Springer. https://doi.org/10.1007/978-3-319-46889-1_31
- Ha, J., & Lee, S.-H. (2016). Demographic dividend and Asia's economic convergence towards the US. Journal of the Economics of Ageing, 8, 28-41. https://doi.org/10.1016/j.jeoa.2016.03.006
- Jafrin, N., Mahi, M., Masud, M. M., & Ghosh, D. (2021). Demographic dividend and economic growth in emerging economies: Fresh evidence from the SAARC countries. International Journal of Social Economics, 48(8), 1159-1174. https://doi.org/10.1108/IJSE-08-2020-0588
- Kingdom of Saudi Arabia. (2017). Saudi Vision 2030 document. Riyadh: Council of Economic and Development Affairs. Retrieved from https://www.vision2030.gov.sa/media/rc0b5oy1/saudi_vision203.pdf
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- Klimanek, T., & Filas-Przybył, S. (2020). The statistical picture of population aging in towns of Wielkopolskie Province: TERYT and DEGURBA perspectives. Journal of Economics and Management, 39(1), 41-46. https://doi.org/10.22367/jem.2020.39.03
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- May, J. F., & Turbat, V. (2017). The demographic dividend in Sub-Saharan Africa: Two issues that need more attention. Journal of Demographic Economics, 83(1), 77-84. https://doi.org/10.1017/dem.2016.21
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- Prskawetz, A., & Sambt, J. (2014). Economic support ratios and the demographic dividend in Europe. Demographic Research, 30, 963-1010. http://doi.org/10.4054/DemRes.2014.30.34
- Renteria, E., Souto, G., Mejia-Guevara, I., & Patxot, C. (2016). The effect of education on the demographic dividend. Population and Development Review, 42(4), 651-670. https://doi.org/10.1111/padr.12017
- Ross, J. (2004). Understanding the demographic dividend (Policy Project Brief of Futures Group). Washington, DC: USAID. Retrieved from http://www.policyproject.com/pubs/generalreport/Demo_Div.pdf
- Song, S. B., Song, Q., & Zhong, T. (2011). Demographic dividend and economic growth in China Mainland. In 2011 International Conference on Applied Social Science (Vol. 5, pp. 305-315). Changsha, China.
- Ssewamala, F. M. (2015). Optimizing the demographic dividend in young developing countries: The role of contractual savings and insurance for financing education. International Journal of Social Welfare, 24(3), 248-226. https://doi.org/10.1111/ijsw.12131
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171640939