Open AccessThe influence of demographic factors on the economic development of the Azerbaijan: the interconnection problem
Author(s) -
Saleh Nagiyev
Publication year - 2020
Publication title -
journal of geography, politics and society
Language(s) - English
Resource type - Journals
eISSN - 2451-2249
pISSN - 2084-0497
DOI - 10.26881/jpgs.2020.2.04
Subject(s) - per capita , economics , population growth , pessimism , population , gross domestic product , total fertility rate , demographic transition , fertility , demographic economics , per capita income , development economics , age structure , economic growth , demography , research methodology , philosophy , epistemology , sociology , family planning
Demographic factors have sometimes occupied center-stage in the discussion of the sources of economic growth. In the 18th century, Thomas Malthus made the pessimistic forecast that GDP growth per capita would fall due to a continued rapid increase in world population. There is a straightforward accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population. This article examines the interconnection between economic development and the demographic policy of Azerbaijan. The article analyzes various approaches of the impact of demographic factors on the economic development of a country. The following demographic factors have been identified and described as significant for the economic development: fertility dynamics, mortality dynamics, population size and gender and age structure.