The Effect of Demographic Transition on GDP per Capita in Resource-Rich Countries: The Case of Iran

Document Type : Scientific paper

Author

Assistant professor, Department of Economics, University of Mazandaran, Babolsar, Iran

Abstract

Demographic transition is known as one of the main factors affecting economic growth. But this effect may depend on natural resource rent s in resource-rich countries. In other word s, resource rent s may shape the impact of the demographic transition on national income. This paper examines d the interaction effect of oil revenue on demographic transition and GDP per capita of Iran during 1978 - 2017. The results suggest that the capacity of the economy to productively absorb the entry of young people into the labor market is limited by higher oil revenue. Given the significant increase in the share of the working-age population in the last decade and also decreasing of Iran's oil revenue s in beginning of 1400 Implementing effective planning to take advantage of demographic transition into an economic
prosperity seem s more important than ever.



Keywords

References

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Macroeconomics Research Letter
Volume 15, Issue 30
January 2021
Pages 13-33

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History

  • Receive Date: 22 April 2020
  • Revise Date: 11 September 2020
  • Accept Date: 05 December 2020

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