Demographic dividends and economic growth in Latin America: a low and middle-income trap equilibrium
The objective of this paper is to analyze the possibility of a low and middle-income trap for the Latin American countries due to demographic changes. Based on the use of a panel data from 16 countries during the period from 1970 to 2014, it is identified that the growth of GDP per capita is related...
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| Format: | article |
| Status: | Published version |
| Publication Date: | 2021 |
| Country: | Argentina |
| Institution: | Universidad Nacional de La Plata |
| Repository: | SEDICI (UNLP) |
| Language: | English |
| OAI Identifier: | oai:sedici.unlp.edu.ar:10915/145341 |
| Online Access: | http://sedici.unlp.edu.ar/handle/10915/145341 |
| Access Level: | Open access |
| Keyword: | Ciencias Económicas Demographic dividends Economic growth Support ratio Dividendos demográficos Crecimiento económico Razón de sustento económico |
| Summary: | The objective of this paper is to analyze the possibility of a low and middle-income trap for the Latin American countries due to demographic changes. Based on the use of a panel data from 16 countries during the period from 1970 to 2014, it is identified that the growth of GDP per capita is related with the first demographic dividend. However, given the dynamics of the fertility rate, we identify a latent risk of low and middle-income trap equilibrium in the long term unless there is an increase in the saving rate, investment and, therefore, the long-term productivity. |
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