Araştırma Makalesi

Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries

Cilt: 6 Sayı: 3 14 Eylül 2022
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Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries

Öz

The demographic structure of countries has significant effects on economic growth. Most developing countries are passing through a demographic transition. Although African countries still have higher fertility rates than other developing countries, fertility rates show a decreasing trend, which leads to a window of opportunity for potential demographic dividend for African countries. Within this context, this paper investigates the relationship between growth accelerations and demographic structure in ECOWAS (Economic Community of West African States) countries over the period 1961-2019. To do so, first, we identify the growth acceleration episodes using the growth acceleration methodology developed by Hausmann et al. (2005). Then, we test the demographic determinants of growth accelerations employing the panel probit regression method. The results show that while urban population and life expectancy have a significant and positive impact on the likelihood of growth accelerations, the fertility rate has a negative and significant impact on the probability of growth accelerations. In other words, an increase in urban population and life expectancy at birth increases the likelihood of growth accelerations, whereas an increase in fertility rate decreases the probability. However, the results show a negative but statistically insignificant relationship between age dependency, young-age dependency, and old-age dependency ratios and the likelihood of growth accelerations.

Anahtar Kelimeler

Kaynakça

  1. Abu-Ghaida, D., & Klasen, S. (2004). The costs of missing the millennium development goal on gender equity. World Development, 32(7), 1075-1107.
  2. Aiyar, S., Ebeke, C. & Shao, X. (2016). The impact of workforce aging on European productivity (IMF Working Paper No. 238). International Monetary Fund
  3. Ashraf, Q. H., Weil, D. N., & Wilde, J. (2013). The effect of fertility reduction on economic growth. Population and Development Review, 39(1), 97-130.
  4. Bloom, D. E., & Canning, D. (2004). Global demographic change: dimensions and economic significance (IMF Working Paper No. 10817). International Monetary Fund
  5. Bloom, D. E., & Finlay, J. E. (2009). Demographic change and economic growth in Asia. Asian Economic Policy Review, 4(1), 45-64.
  6. Bloom, D. E., & Williamson, J. G. (1998). Demographic transitions and economic miracles in emerging Asia. The World Bank Economic Review, 12(3), 419-455.
  7. Bloom, D., Canning, D., & Malaney, P. N. (1999). Demographic change and economic growth in Asia (CID Working Paper Series. No.15). Center for International Development.
  8. Bloom, D. E., Canning, D., & Fink, G. (2007). Realizing the demographic dividend: Is Africa any different? (PGDA Working Paper No. 23). Program on the Global Demography of Aging.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

14 Eylül 2022

Gönderilme Tarihi

24 Şubat 2022

Kabul Tarihi

2 Haziran 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 6 Sayı: 3

Kaynak Göster

APA
Ursavaş, U. (2022). Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries. Fiscaoeconomia, 6(3), 1059-1070. https://doi.org/10.25295/fsecon.1077283
AMA
1.Ursavaş U. Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries. FSECON. 2022;6(3):1059-1070. doi:10.25295/fsecon.1077283
Chicago
Ursavaş, Uğur. 2022. “Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries”. Fiscaoeconomia 6 (3): 1059-70. https://doi.org/10.25295/fsecon.1077283.
EndNote
Ursavaş U (01 Eylül 2022) Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries. Fiscaoeconomia 6 3 1059–1070.
IEEE
[1]U. Ursavaş, “Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries”, FSECON, c. 6, sy 3, ss. 1059–1070, Eyl. 2022, doi: 10.25295/fsecon.1077283.
ISNAD
Ursavaş, Uğur. “Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries”. Fiscaoeconomia 6/3 (01 Eylül 2022): 1059-1070. https://doi.org/10.25295/fsecon.1077283.
JAMA
1.Ursavaş U. Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries. FSECON. 2022;6:1059–1070.
MLA
Ursavaş, Uğur. “Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries”. Fiscaoeconomia, c. 6, sy 3, Eylül 2022, ss. 1059-70, doi:10.25295/fsecon.1077283.
Vancouver
1.Uğur Ursavaş. Growth Acceleration and Demographic Structure: The Case of ECOWAS Countries. FSECON. 01 Eylül 2022;6(3):1059-70. doi:10.25295/fsecon.1077283
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