Africa Rising: Harnessing the Demographic Dividend

Paulo Drummond, Vimal Thakoor and Shu Yu

No 2014/143, IMF Working Papers from International Monetary Fund

Abstract: Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We quantify the potential demographic dividend based on the experience of other regions. The dividend will vary across countries, depending on such factors as the initial working age population as well as the speed and magnitude of demographic transition. It will be critical to ensure that the right supportive policies, including those fostering human capital accumulation and job creation, are in place to translate this opportunity into concrete economic growth.

Keywords: WP; age population; real GDP; Demographic Dividend; Economic Growth; Sub-Saharan Africa; Panel Estimates; age share; share matter; GDP growth; working age share; estimation result; Aging; Labor force participation; Demographic change; Africa; Asia and Pacific; North America; Northern Europe (search for similar items in EconPapers)
Pages: 22
Date: 2014-08-05
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Citations: View citations in EconPapers (20)

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