Computer modelling of socio-economic dynamics: A framework for evaluating the demographic development

In the last two decades, many provinces in central Russia have consistently experienced depopulation. The scarcity of labour resources hinders the effective development and economic growth of these provincial areas. This study presents a comprehensive framework for evaluating the socioeconomic dynam...

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Bibliographic Details
Published in:BIO web of conferences 2024, Vol.138, p.3023
Main Authors: Kupriyanova, Marina, Evdokimova, Elena, Bannikov, Sergey
Format: Article
Language:English
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Summary:In the last two decades, many provinces in central Russia have consistently experienced depopulation. The scarcity of labour resources hinders the effective development and economic growth of these provincial areas. This study presents a comprehensive framework for evaluating the socioeconomic dynamics of regional demographic development through mathematical and computer modelling. The proposed approach integrates system dynamics and agent-based modelling techniques to capture the interplay between demographic processes, economic production, and social policies. The framework incorporates the Solow growth model as its foundation and extends it to include demographic factors, production dynamics, and quality of life indicators. By utilizing the Cobb-Douglas production function, the model quantifies the relationships between labour, capital, and output, providing insights into the drivers of economic growth. By leveraging mathematical and computer modelling, regional authorities can effectively analyze and optimize the influence of policies on the socio-economic dynamics, paving the way for informed decision-making and sustainable development.
ISSN:2117-4458
2117-4458
DOI:10.1051/bioconf/202413803023