Demographic Bonus to Support Economic Growth in Indonesia
DOI:
https://doi.org/10.59188/eduvest.v5i2.50809Keywords:
Demographic Bonus, Economic Growth, UnemploymentAbstract
In Indonesia, the demographic bonus is an ongoing phenomenon with the peak expected to occur in 2030. This phenomenon can have a positive impact with an increase in labor supply and the potential of the community to save, on the other hand, the increasing population makes the needs of the community more and more. This study aims to determine the effect of demographic bonus on growth and how much growth prospects can occur in the future. The research method used is OLS time series data from 1986-2020. The results show that the TO, Population aged 15-64 and Unemployment variables significantly affect GDP growth. Meanwhile, the TPAK and GCF variables are not significant. From this, forcasting Indonesia's economic growth shows a downward trend if the government does not immediately form appropriate policies in dealing with this problem.
References
Amornkitvikai, Y., Harvie, C., & Karcharnubarn, R. (2022). The impact of demographic structure, human capital, migration and environmental degradation on economic growth in Asia. Journal of Economic Studies.
BPS. (2022, May). Badan Pusat Statistik. Retrieved from bps.go.id: https://www.bps.go.id/
International Monetary Fund. (2018). Realizing Indonesia's Economic Potential. IMF Library.
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).
Jati, W. R. (2015). Bonus Demografi sebagai Mesin Pertumbuhan Ekonomi: Jendela Peluang atau Jendela Bencana di Indonesia. Populasi, 26 (1).
Rajagukguk, W. (2020). What is the share of population to the agro-industrial economy? A measure of demographic dividend in Indonesia. E3S Web of Conferences. doi:https://doi.org/10.1051/e3sconf/202017513035
Todaro, M. P., & Smith, S. C. (n.d.). Economic Development (12th ed.). New Jersey: Pearson.
World Bank Database. (2022, April). GDP growth (annual %). Retrieved from worldbank.org: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=ID
World Bank Database. (2022, April). Gross capital formation (annual % growth). Retrieved from worldbank.org: https://data.worldbank.org/indicator/NE.GDI.TOTL.KD.ZG?locations=ID
World Bank Database. (2022, April). Labor force participation rate, total (% of total population ages 15+) (national estimate). Retrieved from worldbank.org: https://data.worldbank.org/indicator/SL.TLF.CACT.NE.ZS?locations=ID
World Bank Database. (2022, April). Population ages 15-64, total. Retrieved from worldbank.org: https://data.worldbank.org/indicator/SP.POP.1564.TO?locations=ID
World Bank Database. (2022, April). Trade (% of GDP). Retrieved from worldbank.org: https://data.worldbank.org/indicator/NE.TRD.GNFS.ZS?locations=ID
World Bank Database. (2022, April). Unemployment, total (% of total labor force) (modeled ILO estimate). Retrieved from worldbank.org: https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?locations=ID
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Safina Meilia
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
