Brazilian demographic dividend: A spatial analysis of the role of savings
研究了2000-2010年巴西最小可比区域中储蓄作为第二人口红利渠道的作用，发现储蓄和教育对区域经济增长有显著影响，并强调了空间互动对政策制定的重要性。
This study investigates the role of savings as a channel for the second demographic dividend in minimum comparable areas (MCA) in Brazil between 2000 and 2010. Using spatial econometric models, the research analyzed the effects of per capita savings, education, and labor force participation on income growth. The results reveal that, in addition to the first demographic dividend – evidenced by the contribution of working-age population relative to the total population to economic growth – the second dividend, driven by savings and education, has a significant impact on regional economic growth. Savings, treated as an endogenous variable, proved to be crucial in mitigating the effects of population aging and promoting sustainable development. The study also highlights the importance of local spatial interactions between MCAs, suggesting that public policies aimed at promoting savings, human capital formation, and productive inclusion are essential to maximize the benefits of demographic dividends. These findings provide valuable insights for policymakers seeking to reduce regional disparities in Brazil.