z-logo
open-access-imgOpen Access
Population Composition and Its Effect on Economic Growth
Author(s) -
Deboshmita Brahma
Publication year - 2021
Publication title -
quest journal of management and social sciences
Language(s) - English
Resource type - Journals
eISSN - 2705-4535
pISSN - 2705-4527
DOI - 10.3126/qjmss.v3i1.37597
Subject(s) - dependency ratio , demographic dividend , gross domestic product , population , economics , per capita , population growth , per capita income , demographic economics , demographic transition , development economics , real gross domestic product , economic growth , demography , macroeconomics , fertility , sociology
Background: The relationship between population and economic growth has always been a subject of debate. There has never been any clear consensus amongst economists about the nature and extent of influence that population has on the economic growth of a country. Objective: This paper aims to explore the influence exerted by the age structure of the population on the economic growth of a country. Method: The paper uses secondary data to find the relation between Gross Domestic Product (GDP) per capita levels of countries and their respective Age Dependency Ratio.Result: There is a significant negative relationship between them, which implies that, if a country has a rise in a high proportion of the dependent population, per capita income will tend to be lower. Conclusion: The paper then makes a special study of the prospect of demographic dividend in India. The country is in the third phase of demographic transition, implying that the proportion of the working-age population is greater than the dependent population. This provides an ideal condition for the Government to reap the benefits of demographic dividend and achieve higher levels of economic growth.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here