Demographic Transition in the Middle East: Implications for Growth, Employment, and Housing

Rina Bhattacharya, Tarik Yousef and Pierre Dhonte

No 2000/041, IMF Working Papers from International Monetary Fund

Abstract: The working age population is expected to grow faster in the Middle East than in any other region in the world between now and 2015—rising annually by 2.7 percent, or 10 million people. This demographic explosion presents the region with a major challenge in terms of providing jobs, incomes, and housing for the growing population, but the expanding labor force can also be seen as an opportunity to generate higher per capita income growth on a sustainable basis. The paper concludes by emphasizing the importance of market-friendly institutions in turning the challenge into opportunity.

Keywords: WP; Med country; growth rate; GDP; demography; growth; housing; age structure; growth requirement; employment growth; Med context; physical capital; labor force; census result; replacement ratio; demography of Med; housing investment; employment target; Aging; Labor force participation; Employment; Middle East; East Asia; North America (search for similar items in EconPapers)
Pages: 25
Date: 2000-02-01
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Citations: View citations in EconPapers (19)

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