Research On The Influence Of Population Age Structure On Economic Growth In Henan Province

It can be seen that although the total GDP of Henan Province has increased in recent years,the growth rate has been declining year by year,from 8.9% in 2014 to 7.0% in 2019.In addition to the slowdown in the overall speed of the Chinese economy and the shift in the pace of development from high-speed growth to medium-speed growth,are there other factors that have caused the Henan economy to decline.For example,human capital,technological progress,natural resources,etc.Among them,human capital is an important force to promote economic development.Over the past few decades,the population of the province has experienced a period of major outbreaks,a period of reduction and a period of stability.Every change in the population structure will cause changes in labor resources.The population structure determines human capital to a certain extent,and human capital affects economic growth at all times.At this stage,Henan Province has a low fertility rate and a high dependency ratio.On the basis of accelerating the level of urbanization,population aging will become a major social trend.In the future,if the birth rate continues to remain low,it will It will reduce the number of births on a large scale,which in turn will aggravate the "aging" of the population structure,which will adversely affect economic development.In order to alleviate the "aging" problem of the population structure,it is necessary to thoroughly study the impact of the population age structure on economic growth,so as to put forward suggestions for improvement.Therefore,based on the background of the current population structure in Henan Province,analyze the transition characteristics of the population age structure in the region,study the correlation between the population age structure and the regional economic growth,and put forward targeted policy recommendations to enrich this direction.Thetheoretical basis of literature and the solution to the current problems of population development are of great significance.This article mainly studies the impact of the population age structure in Henan Province on economic growth.Using the panel data of the population age structure and related economic indicators from 2000 to 2018,static and dynamic panel models are used to analyze the relationship between the population age structure and economic growth.Conclusion: Since 2000,Henan Province is still in a period of demographic dividend,but affected by factors such as the decline in the birth population,the change in the age structure of the population,and the working-age population going out to work and do business outside the province,the degree of aging is serious,and it is expected that the aging will be in the future Continue to increase.The proportion of the juvenile population in the total population shows an overall decline.The labor force is more concentrated in the province,and the "geographical relationship" is obvious.The regression results of the full sample show that the population dependency ratio has a significant negative impact on economic growth.Every increase in the population dependency ratio coefficient will reduce economic growth by 0.081 units.The robustness regression test results show that the coefficients of the child dependency ratio and the elderly dependency ratio are both negative,that is,the increase of the old age dependency burden and the child dependency burden has a negative impact on economic growth.Compared with the child population's dependency burden,the elderly population's dependency burden has a negative impact on the economy.The negative impact of growth is even more pronounced.This article mainly studies the impact of the population age structure in Henan Province on economic growth.Using the panel data of the population age structure and related economic indicators from 2000 to 2018,static and dynamic panel models are used toanalyze the relationship between the population age structure and economic growth.Conclusion: Since 2000,Henan Province is still in a period of demographic dividend,but affected by factors such as the decline in the birth population,the change in the age structure of the population,and the working-age population going out to work and do business outside the province,the degree of aging is serious,and it is expected that the aging will be in the future Continue to increase.The proportion of the juvenile population in the total population shows an overall decline.The labor force is more concentrated in the province,and the "geographical relationship" is obvious.The regression results of the full sample show that the population dependency ratio has a significant negative impact on economic growth.Every increase in the population dependency ratio coefficient will reduce economic growth by 0.081 units.The robustness regression test results show that the coefficients of the child dependency ratio and the elderly dependency ratio are both negative,that is,the increase of the old age dependency burden and the child dependency burden has a negative impact on economic growth.Compared with the child population's dependency burden,the elderly population's dependency burden has a negative impact on the economy.The negative impact of growth is even more pronounced.Based on this,this article puts forward relevant policy recommendations such as increasing the fertility rate,implementing the second child policy,and optimizing the age structure of the population,with a view to alleviating the adverse effects of the ageing of the population age structure on economic growth in the future.