Population And Economic Growth- A Theoretical And Empirical Study

Authors

  • Sarat Kumar Nath

Abstract

Population is in fact the most dynamic and influential economic variable. It has profound impact on economic growth. At first, it may affect economic growth negatively by reducing the per capita GDP. But if a country can utilize the growing population in a productive way then she will definitely get the payoff. Moreover, various aspects of population structure like- rural-urban distribution, general fertility rate, crude death rate, maternal and infant mortality rates, and dependency ratio also predict the level of economic attainment of a country. Hence we may say that there is a optimum level of population. If actual population of a country is more than the optimum level then increase in population may deteriorate the country. If actual population is less than the optimum level then the country can acquire the benefit of growing population.

 Present paper answers various question regarding magnitude and direction of relationship between population and economic growth. Author used various econometric models and tests for the analysis.

Published

2020-11-01

Issue

Section

Articles