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Demographic transition and economic miracles in China: an analysis based on demographic perspective

Author

Listed:
  • Xin Yuan

    (Nankai University)

  • Yuan Gao

    (Capital University of Economics and Business)

Abstract

Demographic transition has been completed in China at the end of 20th century. The population in China grows slowly now. The demographic transition brings about the change of population age structure, which forms demographic window for the infinite supply of labor force. The demographic window provides a new driving force for China’s economic development; however, it will not turn into demographic dividend automatically. The practice of reform and opening up in China indicates that the demographic transition has created a window of opportunity conducive to economic growth and provided the potential for economic development. The demographic window could only be changed into demographic dividend and become an important source of economic growth if it is supplemented by the compatible domestic economic and social development policies and the globalized international economic environment for peaceful development. China has firmly grasped and developed the demographic opportunity, changed the demographic opportunity into economic dividend, harvested the demographic dividend successfully, which promoted the take-off of economic growth, and created the economic miracles in China.

Suggested Citation

  • Xin Yuan & Yuan Gao, 2020. "Demographic transition and economic miracles in China: an analysis based on demographic perspective," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 25-45, February.
    • Handle: RePEc:spr:ijoeps:v:14:y:2020:i:1:d:10.1007_s42495-019-00030-0
    DOI: 10.1007/s42495-019-00030-0
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    Cited by:

    1. Fernanda Juma & Ana Fernández-Sainz, 2024. "Social Exclusion Among Older Adults: A Multilevel Analysis for 10 European Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 174(2), pages 525-551, September.
    2. Kazuki Taketoshi, 0. "How and to what extent has the demographic dividend affected China’s economic growth?," International Journal of Economic Policy Studies, Springer, vol. 0, pages 1-14.
    3. Kuhn, Britta & Neusius, Thomas, 2022. "Will China's three-child policy defuse the demographic time bomb?," wifin Working Paper Series 14/2022, RheinMain University of Applied Sciences, Wiesbaden Institute of Finance and Insurance (wifin).
    4. Kazuki Taketoshi, 2020. "How and to what extent has the demographic dividend affected China’s economic growth?," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 337-350, August.
    5. Tomoko Kinugasa, 2020. "Special Issue: Population and economic development in East Asia 2," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 297-299, August.

    More about this item

    Keywords

    Demographic transition; Demographic dividend; Reform and opening up; Economic miracles;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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