Demographic Bonus to Support Economic Growth in Indonesia

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.

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Publication Details

Journal
Eduvest - Journal Of Universal Studies
Published
2025-02-20
DOI
https://doi.org/10.59188/eduvest.v5i2.50809
Primary Topic
Economic Growth and Productivity
Type
article
Field-Weighted Citation Impact
0.00
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article

Demographic Bonus to Support Economic Growth in Indonesia

Safina Meilia
Eduvest - Journal Of Universal Studies
Economic Growth and Productivity
article

Demographic Bonus to Support Economic Growth in Indonesia

Safina Meilia
article en

Abstract

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.

Eduvest - Journal Of Universal StudiesVol. 5(2)
Parahyangan Catholic University (ID)
Openalex Percentile: Top 94%
Economic Growth and Productivity
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