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Academic Journal of Business & Management, 2024, 6(6); doi: 10.25236/AJBM.2024.060624..

Research on the Influence of Population Age Structure on Economic Growth in Guangdong Province

Author(s)

Yang Xiaojin, Xiao Chunwan

Corresponding Author:
Yang Xiaojin
Affiliation(s)

Guangzhou City University of Technology, Guangzhou, China

Abstract

In recent years, the population age structure in Guangdong Provincehas been gradually aging, and the growth rate of the national economy has been slowing down. In order to analyze the relationship between population age structure and economic growth, this paper starts from the path of the impact of population age structure on economic growth, and uses the Cobb-Douglas production function model based on population age structure to empirically analyze the impact of population age structure on economic growthin GuangdongProvince. The research found that for every one unit increase in the total dependency ratio, per capita real GDP will decrease by 0.309 units, and the negative effect of the total dependency ratio on economic growth is more pronounced, indicating that the higher the total dependency ratio, the slower the economic growth. Finally, based on the research results, this paper puts forward policy suggestions for optimizing the population age structure in Guangdong and promoting economic growth.

Keywords

Population Age Structure; Total Dependency Ratio; Economic Growth

Cite This Paper

Yang Xiaojin, Xiao Chunwan. Research on the Influence of Population Age Structure on Economic Growth in Guangdong Province. Academic Journal of Business & Management (2024) Vol. 6, Issue 6: 159-164. https://doi.org/10.25236/AJBM.2024.060624.

References

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[3] Zhang Han. Impact of Population Age Structure in Henan Province on Economic Growth [D].Jilin: Jilin University, 2022.