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The Demographic Factor Impact on the Economics of the Arctic Region

Author

Listed:
  • Irina Gennadyevna Gerasimova

    (Department of Foreign Languages, Faculty of Humanities and Sciences, Saint Petersburg Mining University, 199106 St. Petersburg, Russia)

  • Irina Sergeevna Oblova

    (Department of Foreign Languages, Faculty of Humanities and Sciences, Saint Petersburg Mining University, 199106 St. Petersburg, Russia)

  • Ekaterina Ilinichna Golovina

    (Department of Economics, Organization and Management, Faculty of Economics, Saint Petersburg Mining University, 199106 St. Petersburg, Russia)

Abstract

Decline of the international price of some minerals, such as coal, has changed the living standards of the Arctic population leading to its considerable out-migration because of the drop in profitability not only in mining, but also in related industries. Being essential for the sustainable economic development, the highly qualified specialists are currently a crucial issue in the Arctic. This research employs demographic and economic indicators to address the gap in the study of demographic challenges for the Arctic administrative-territorial entities. Special attention is paid to the comparative analysis of the population dynamic in the Russian and global Arctic regions. As part of this study, the impact of the demographic factor on the economic indicators of the region was assessed on the basis of GRP data calculation. Special attention is paid to the analysis of the major trends in the Arctic labour market. Based on the results of the assessment, an increase in GRP was determined with the simultaneous decrease in the Arctic population. The current demographic situation in the Arctic regions in the context of gender factors was reviewed. It should be noted that the article contains exceptions and the causes of the phenomena described. The results of the research may contribute to better understanding of regional variation and trends in socio-economic development of the Arctic as well as the stabilisation of the Arctic population.

Suggested Citation

  • Irina Gennadyevna Gerasimova & Irina Sergeevna Oblova & Ekaterina Ilinichna Golovina, 2021. "The Demographic Factor Impact on the Economics of the Arctic Region," Resources, MDPI, vol. 10(11), pages 1-16, November.
    • Handle: RePEc:gam:jresou:v:10:y:2021:i:11:p:117-:d:680668
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    References listed on IDEAS

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    1. Loretta J. Mester, 2017. "Demographics and Their Implications for the Economy and Policy; 11.16.17; Cato Institute's 35th Annual Monetary Conference: The Future of Monetary Policy, Washington, DC," Speech 88, Federal Reserve Bank of Cleveland.
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    Cited by:

    1. Elena Katysheva, 2023. "Analysis of the Interconnected Development Potential of the Oil, Gas and Transport Industries in the Russian Arctic," Energies, MDPI, vol. 16(7), pages 1-22, March.
    2. Andrey A. Kunshin & George V. Buslaev & Matthias Reich & Dmitriy S. Ulyanov & Dmitriy I. Sidorkin, 2023. "Numerical Simulation of Nonlinear Processes in the “Thruster—Downhole Motor—Bit” System While Extended Reach Well Drilling," Energies, MDPI, vol. 16(9), pages 1-22, April.
    3. Yury Valeryevich Ilyushin & Ekaterina Ivanovna Kapostey, 2023. "Developing a Comprehensive Mathematical Model for Aluminium Production in a Soderberg Electrolyser," Energies, MDPI, vol. 16(17), pages 1-28, August.
    4. Tatyana Valeryevna Kukharova & Yury Valeryevich Ilyushin & Mir-Amal Mirrashidovich Asadulagi, 2022. "Investigation of the OA-300M Electrolysis Cell Temperature Field of Metallurgical Production," Energies, MDPI, vol. 15(23), pages 1-11, November.
    5. Pavel Tsiglianu & Natalia Romasheva & Artem Nenko, 2023. "Conceptual Management Framework for Oil and Gas Engineering Project Implementation," Resources, MDPI, vol. 12(6), pages 1-27, May.

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