Nexus between demographic dividend and economic growth: A systematic review with bibliometric exploration

Abstract

Since every country is going through distinct stages of demographic change over different periods, the demographic dividend has become a prevalent issue in the domain of economic review. The influence of the demographic dividend on economic growth remains a subject of debate; therefore, it is opportune to reexamine this topic. This systematic review with bibliometric assessment aims to add augmented insights to the current body of knowledge on the nexus between demographic dividend and economic growth. Hence, a total of 427 published papers from both the Scopus and Web of Science databases were assessed using the updated PRISMA flow diagram to classify 24 relevant research publications. The bibliometric data from the 24 related articles were analysed using VOSviewer to construct co-occurrence network maps. After critically examining the identified papers, five thematic clusters were established. Accounting, behavioural, and human capital effects were recognised as broad themes based on the five thematic clusters. Governments, policymakers, and stakeholders can use the findings of this study to make long-term decisions in the domain of demographic dividend and economic growth.