UDC 338.242

Authors

N. N. CHUBAEVA,
Postgraduate student of the Department of Economic Policy and Public-Private Partnership, Moscow State Institute of International Relations (University) Russian Foreign Ministry, Moscow
E. G. POPKOVA,
Doctor of Economics, Professor, Senior Researcher at the Center for Applied Research of the Department of Economic Policy and Public-Private Partnership, Moscow State Institute of International Relations (University) Ministry of Foreign Affairs of Russia, Moscow
E. A. SHAMANINA,
Senior Lecturer of the Department of Economic Policy and Public-Private Partnership, Moscow State Institute of International Relations (Unversity) Ministry of Foreign Affairs of Russia, Moscow

Abstract

Relevance of the study. Scientists have been concerned with the necessity for demographic stability from the beginning of the notion of economics. Economic development could be enhanced or slowed by population stability, gender diversity, and age distribution. These indicators are the states’ demographic policy’s focal points. Increasing access to medical care and strengthen social policies contributes to life expectancy growth, lower mortality, and increased fertility, etc. The establishment of appealing social conditions strengthens migration policy while also contributing to life’s humanization. The prerequisites for the study were the lack of current positive development dynamics in comparison with the data of past decades, as well as verification of the existing research reliability and attempt to conduct our own forecasting analysis.
The purpose of the study. The purpose of the study is to empirically examine data on developed and developing countries in the field of economic development, including an assessment of previously conducted studies of the dependence of GDP on population size, as well as confirmation of the effect of state’s social policies on economic development.
Results. To identify different types of interdependence the study analyzed data from countries with developed economies, such as France, Germany, and the United States, as well as India and Russia, which represent less developed and transition economies, respectively. It should be noted that Russia is assessed using two sources: the Federal State Statistics Service of the Russian Federation and the World Economic Forum. The impact of population size on economic development as well as the degree of interdependence of factors were evaluated under the correlation-regression analysis approach. There have been identified the possible causes of the function of GDP = ʄ(Qp) fluctuations from the trend line of the researchable factors. It is feasible to confirm the validity of the state’s national strategy in the areas of demography and social welfare based on the study.

Keywords

economic growth, interdependence of economic factors, regression analysis.