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The Impact of the Economic Growth and Economic Development on Population Growth

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Hongcheng Qian

    (Arizona State University, W.P. Carey Business School)

Abstract

It is common sense that China made a miracle of the speed in GDP. In 2021, the growth rate of GDP was 8.1% in China compared with America in which only 2%. The GDP per capita was from 1000 dollars in 2000 to 10500 dollars. Also, the Chinese total population is over 1.4 billion, which is a grandiose number. However, there are some crises behind the shining. From 1977 to 2020, the fertility rate was dropping at a fast speed from 2.7 kids per woman to 0.3 kids per woman! Although there are many analyses of the reason that caused these problems, these are just from one perspective. As we know that society is a connection among others so that there is no such only one specific perspective that causes the fertility rate to decrease. Thus, in this paper, I will summarize the opinions and perspective from a huge macro perspective, which is the increase of living cost. In this paper, I will split this huge concept into three components, which are consumption, government spending and investment, and each of them will be introduced with details by sub-topics. The reason that I exclude the net exports is because it is irrelevant to the fertility rate. This summarized paper will give policymakers a direction and analyze from many perspectives the reason that fertility rate decreased.

Suggested Citation

  • Hongcheng Qian, 2022. "The Impact of the Economic Growth and Economic Development on Population Growth," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 447-454, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_52
    DOI: 10.2991/978-94-6463-052-7_52
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