Impact of population growth on economic growth in nigeria pdf

The conclusion that rapid population growth has slowed development is by no means straightforward or clearcut see box 5. Under certain conditions moderate population growth can be beneficial. Impact of population growth complacency concerning this component of mans predicament is unjustified and counterproductive. Demographers estimated the population to be 91,178,000 in 1985. Empirical results support that population growth has a significant impact on economic growth. This might be attributed to the omission of the role of capital stock and labor in the tradegrowth nexus.

Midtwentieth century models of economic growth indicated that increases in population growth constrain growth in income percapita. The study used annual time series data for the period. The relationship between population growth and economic development has been a recurrent theme in economic analysis since at least 1798 when thomas malthus famously argued that population growth would depress living standards in the long run. Is population growth good or bad for economic development. This research investigates about the relation between demographic dynamics and economic growth, illustrating both orthodox and heterodox theories. The overall effects of this growth on the living standards, resources use and the environment will continue to change the nigerian landscape for a very long period of time if nothing is done to checkmate the rapid population growth. The impact of population change on economic growth in kenya. Agricultural production and economic growth in nigeria.

Pdf population growth and economic growth in nigeria. Empirical assessment of economic growth on poverty. Another look at the impact of nigerias growing population. Impact of population growth on nigeria economic growth. Food prices, per capita consumption of food, and the ratio between plant and animal food change relatively little across. Impact of population growth on economic growth in nigeria 1980. Exogenous drivers include population growth, economic development, technical change, and two alternative deforestation policies.

A multivariate regression approach was employed to. Understanding the relationship between growth and employment. As nigerias gross domestic product gdp per capita grew by nearly 70% between 19922009, poverty rates fell by 6%. Positive effects of population growth the classroom. The aim of the study is to investigate the impact of population growth on unemployment in nigeria.

Modelling the effects of health on economic growth. Impact of human capital development on economic growth in nigeria. This paper examined empirically the impact of labour force dynamics on economic growth in nigeria over the period 19702015 using the newly developed bounds testing approach to cointegration. As chapter 4 showed, in europe, japan, and north america economic growth has been accompanied by moderate population growth, which. The world bank on behalf of the commission on growth and development, a working. The same 15 states do not display any marked benefit in economic performance, however, thereby showing the fallacy of the argument that population growth is needed for economic growth. Impacts of population growth, economic development, and. Population growth, economic growth, human capital development, cointegration, ecm. The negative effects of rapid population growth appear to have weighed most heavily on the poorest group of countries in the developing world during the 1980s and also throughout. The paper analyzed the impact of education on economic growth of nigeria using ordinary least squares ols to determine the relationship between education as human capital and real gross domestic product gdp. Pdf the impact of population change on economic growth in kenya. Several scholars of the modern era have pointed to the economic benefits of population growth. This is approved for students in accountancy, business, computer science, economics, engineering, arts.

Population growth and economic development in ni scholars. The paper examines the link between population and per capita economic growth, and poverty, using the interesting case study of uganda. A crosssectional analysis gives no clear indications. Economists overtime have attributed population explosion as one of the chief causes of unemployment in developing economies. Holdren the interlocking crises in popula tion, resources, and environment have been the focus of countless papers, dozens of. Easterlin the annals of the american academy of political and social science 1967 369.

The rate of unemployment in nigeria is unimaginably growing amidst alarming economic recession while population growth is on the increase. In turn, increasing employment has been crucial in delivering higher growth. Impact of unemployment on economic growth in nigeria. Nigeria has maintained remarkable growth over the last decade, recording an average growth rate of 6. Motivated by this controversial, this study examined the impact of inflation on economic growth and established the existence of inflation growth relationship. In addition, the impact of fdi on economic growth is more contentious in empirical than theoretical studies, hence the need to examine the relationship between fdi and growth in different economic dispensations. Ajide1 this paper investigates the role of frazer economic freedom index on fdi growth relationship over the period spanning 1980 through 2010 using annual time series data.

Nigerian population growth and its implications for economic development. Findings show that economic growth has impact in reducing poverty. Another look at the impact of nigerias growing population on the. Therefore the body of literature on population growth in nigeria has always emphasized either the negative or the positive effect. Nigerias persistent poverty levels amid economic growth figure 1 confound a common theory that poverty reduction and economic growth are positively related. To examine the impact of population growth rate on unemployment in nigeria. Get free research paper on a critical analysis of the impact of population growth on the economy of nigeriaproject topics and materials in nigeria. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed.

Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. While many problems such as congestion, pollution, and slum settlements are caused by urban growth in contemporary developing countries, cities are often described as engines of. In the last three decades of the 20th century, the harvard initiative for global health reported that per capita incomes grew by twothirds with the doubling of the worlds overall population. An econometric study based on ue and bric countries is provided. Impact of human capital development on economic growth.

Impact of nigerian population growth on economy cnbc africa. Pdf this research explores the effect of population growth on the economic growth of nigeria over the period of 1981 to 2015. The relationship between trade openness and economic growth has been extensively investigated yielding to mixed and inconclusive results. The impact of population growth on nigeria economic growth 19812015. Population growth and economic growth performance in nigeria. The consequences of rapid population growth on nigerias. Effects of population growth on the economic development of.

To investigate the causal relationship between population growth and economic development in nigeria. The harroddomar model harrod 1939, domar 1948, showed that in the. Get free research paper on impact of population growth on unemployment in nigeria. The importance, effect, causes, relationship, comparison, history, role, solutions are discussed. This study examines the impact of population growth on unemployment rate in nigeria between 1985 and 2015. Population ageing thus may be exercising a negative impact on economic growth. Ajide1 this paper investigates the role of frazer economic freedom index on fdigrowth relationship over the period spanning 1980 through 2010 using annual time series data. Agriculture is the cultivation of land, raising and rearing of animals for the purpose of production of food for man, animals and industries. The time series data covers the nigerian economy as a whole was used.

Impact of the agricultural sector on nigerias economic. Provision of accessible and affordable healthcare for a healthy population was also advocated if nigerias population growth must be advantageous. Human capital at the nigeria economic summit group joins cnbc africa to discuss the effect of population on the. Impact of unemployment on economic growth in nigeria 1980 2010 hauwa buba jajere kaduna state university email. Limitation of the study this research work has not been without some.

Agricultural production and economic growth in nigeria 209 quarterly journal of international agriculture 53 2014, no. With this high growth rate and applying the double time growth analysis, nigerias population will be expected to have added 3,072,000 persons the 1st year of the estimate and almost 3,150,643 the second year based on double time population growth rate analysis. Determinants of economic growth in nigeria kazeem b. The impact of population growth on economic growth and. Impact of population growth on nigeria economic growth mensch. Timeseries data for the period 1990 2011 were used to examine the impact of inflation on economic growth. Research highlights we examine global food production development until 2030 with a partial equilibrium model of agriculture and forestry. In effect, the paper empirically tests the association between population growth and economic development in nigeria between 1980 and 2003 and found that. Mar 08, 2017 the consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. Therefore this study seeks to investigate the impact of population growth on unemployment in nigeria. The effects of population growth in nigeria request pdf.

Strong growth in the global economy over the past 10 years means that the majority of the worlds workingage population is now in employment. Relationship between economic growth and poverty reduction in. A multivariate regression approach was employed to estimate augmented growth models. The effects of population growth on economic growth in nigeria. The study therefore found that there is statistically significant relationship between rgdp and all the variables used in the study. Nigerian population growth and its implications for economic. Nigerian population growth and its implications for. Working group 1, health, economic growth, and poverty reduction, addressed the impact of health investments on poverty reduction and economic growth. If not checked, this duo tyrant can pose devastating effects on the nations future economy. But it is possible that the effect of population growth on economic development has been exaggerated, or that no single generalization is justified for countries differing as widely in growth rates, densities, and income levels as do todays less developed areas. Population growth and economic growth performance in. Results on the effects of population growth in nigeria. Pdf the impact of population change on economic growth.

Population growth and economic development in india. However, this study shall look at both the impact of human capital and health on economic growth in nigeria. Another look at the impact of nigerias growing population on. Effects of population growth on the economic development of developing countries richard a. Dynamics of demographic structure and economic growth in nigeria. Impact of population growth on economic growth in africa. Apr 18, 2018 impact of nigerian population growth on economy. The consequences of population growth on the economic development of less developed countries are not the same because the condition prevailing in these countries are quite different from those of developed economy. It involves and comprises of crop production, livestock and forestry, fishery, processing and marketing of those agricultural. Effects of population growth on the economic development. Holdren the interlocking crises in popula tion, resources, and environment have been the focus of countless papers, dozens of prestigious symposia, and a. If you continue browsing the site, you agree to the use of cookies on this website.